ES Journal Archive (2009 - 2010)

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lurefo


Registered: May 2004
Posts: 252


03-30-09 09:26 AM

... On a note aside I was waiting for NQ 1287 to print and reverse there. It was missed by 5 points or so. It would have been a new yearly high and on a weekly chart it's the neckline of a double bottom formation. It is also the third time the market goes up there and fails to print above since the beginning of this year (01/06/09 - 02/10/09 and 03/26/09). It has been my experience that this "magnet zone" setup usually leads to a breakout.


We broke 87 faster than expected. I guess the question is will there be enough buying to sustain the breakout.
 
Quote from lurefo:

lurefo


Registered: May 2004
Posts: 252


03-30-09 09:26 AM

... On a note aside I was waiting for NQ 1287 to print and reverse there. It was missed by 5 points or so. It would have been a new yearly high and on a weekly chart it's the neckline of a double bottom formation. It is also the third time the market goes up there and fails to print above since the beginning of this year (01/06/09 - 02/10/09 and 03/26/09). It has been my experience that this "magnet zone" setup usually leads to a breakout.


We broke 87 faster than expected. I guess the question is will there be enough buying to sustain the breakout.

We should test the low 820's- mid 810's and perhaps we'll see some renewed buying.
 
Quote from MandelbrotSet:

LOL ... Russia? "a leading economic power? :D :D :D

Not in our lifetimes.

The don't even have the toilet paper to wipe their assess with ... from what I hear the same can be said for China too.

And that would be the real disaster.

I ususally don't comment on other's comments. However, your comment is very ignorant. Do yourself a favor to educate yourself about about Russia and particularly, China.

No toilet paper to wipe the assess...What a joke!!!

FYI, the first plug-in electric car in the world is made and sold in China when the Detriot car companies are struggling to survive with tax payer's money.

Don't know what are plug-in electric cars? It's the next big thing. And the company to make the car is BYD. Even Warren Buffet invests a lot of money in this company.
 
Quote from swing-scalper:

I ususally don't comment on other's comments. However, your comment is very ignorant. Do yourself a favor to educate yourself about about Russia and particularly, China.

No toilet paper to wipe the assess...What a joke!!!

FYI, the first plug-in electric car in the world is made and sold in China when the Detriot car companies are struggling to survive with tax payer's money.

Don't know what are plug-in electric cars? It's the next big thing. And the company to make the car is BYD. Even Warren Buffet invests a lot of money in this company.
FYI, I've been to Russia :D ... and I I've read similar things about China :eek: ... regardless of the technologicial advances that are bing made in the latter country, the human rights conditions in both countries are nothing short of abysmal (witnessed in Russia, as well as spoken about with people who are russian immigrants, and read from a plethora of news reports about China) :mad: .

I stand by everything that I said. :cool:
 
iloveoptions - I dunno, this is a breakout gap... it could as well just run away and not look back. Standing aside til I figure this out.
 
Quote from lurefo:

iloveoptions - I dunno, this is a breakout gap... it could as well just run away and not look back. Standing aside til I see figure this out.

Not to mention all the up gaps left behind are going to get filled again after this BS settles down and we get back into the BEAR zone anyway.
 
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