ES Journal Archive (2009 - 2010)

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Quote from saliva:

Man, has anyone seen AH move in a range like today? It's a perfect rectangle. So did ya buy the low and sell the high? It's still not too late. Or so you think, eh? :p
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What's so special about a 10 point range ?
 
For all the transports followers ( and I am guilty as a more intermediate term swing player at times) would watch them on this CSX announcement yesterday after the close. It's trading up - may take the transports with it. I was certain we were going to get a big drop yesterday - much more than we did - but there seems to be (for now anyway) a lot more support than I thought there was. Either that or everyone and their brother is already short, which I am starting to believe more and more.

Good trading.
 
Quote from JSSPMK:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2380956>

There's also a lower TL that can be drawn there, linking November & January lows, also leads to that 870 area

SPX that is :)
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Hourly charts massively diverging, pointing to a substantial retrace. I'm short in low 840 area, though not excluding another push towards 860 zone where I will be looking to short off bearish signals on 1m chart.

Best to all!
 
JSS,

It looks like either we get the gap fill below today or early tomorrow, otherwise the bullish scenario you mentioned is going to happen - FAST.

My gap close means ES printing 821.5
 
from looking at price action the algos are on accumulate. I would love to see a drop under 820 es. The bottom may be in; I have noticed a distinct change in price action in the last month. Look at the price action is GS someone is manipulating the price lower.
 
Quote from kinggyppo:

from looking at price action the algos are on accumulate. I would love to see a drop under 820 es. The bottom may be in; I have noticed a distinct change in price action in the last month. Look at the price action is GS someone is manipulating the price lower.
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Thanks for pointing that out.

To make that realistic, GS has to drop to 100-105 for a shake out =)

That means we will likely see ES 820 area.
 
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