ES Journal Archive (2009 - 2010)

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Quote from ammo:

92/93 is todays mp nip
Ya don't need MP to explain this IMHO. But I don't understand the HOD we touched at 807. Just how the hell did that came up? It makes no sense. My initial calculation was at 803. To say that it was simply due to the stops being mowed down doesn't go down very well with this noob.
 
Quote from saliva:

Ya don't need MP to explain this IMHO. But I don't understand the HOD we touched at 807. Just how the hell did that came up? It makes no sense. My initial calculation was at 803. To say that it was simply due to the stops being mowed down doesn't go down very well with this noob.

20pts range target + trying to fill the gap at 809.5. if anyone can come up with something else, I'm interested.
 
Quote from saliva:

Ya don't need MP to explain this IMHO. But I don't understand the HOD we touched at 807. Just how the hell did that came up? It makes no sense. My initial calculation was at 803. To say that it was simply due to the stops being mowed down doesn't go down very well with this noob.

No idea... nothing but air there on my chart.

My thinking is that 801-803 was the obvious short (50% retrace + H&S) and 810 was the obvious gapfill play. Squeeze the 803 shorts out of their positions but don't let the gap-fill traders a chance to exit their longs or take a short position and all of a sudden you have no short-term traders under the market.

All hindsight theory though... It was right in startraitors zone, maybe he has input.
 
Quote from iloveoptions:

Damn, the whole board is short, we're screwed. :D I'm screwed the most cause I have the lowest price.

I missed that one. Thanks, you just made my day :D
 
Quote from saliva:

Ya don't need MP to explain this IMHO. But I don't understand the HOD we touched at 807. Just how the hell did that came up? It makes no sense. My initial calculation was at 803. To say that it was simply due to the stops being mowed down doesn't go down very well with this noob.

Cash leads the way today.

Check out SPX and SPY price level for the clues. =P
 
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