ES Journal Archive (2009 - 2010)

[startraitor]

To me the move down to 31 was clearing the minefield, most done in overnight. Brick shithouse at last weeks high and a line here at 56 that if holds sends it down, clear road to 25 now, as I type...

startraitor


Registered: Jan 2008
Posts: 1384


04-14-09 11:56 PM

Let me expand, still a lot of flack to fly through, 825-831 most notably. Would like to see a clean slice through there for continuation.

Quote from lurefo:

Can you elaborate on what makes you think in this week's action that we'll see 25 before 70?

To me it's quite bullish. Successful gap test, IHS with further upmove fuel, market currently above the weekly open, still in the uptrend channel...

As long as it stays above 40, it says new highs me think.

 

[[Proximo]]

Did some news come out?

 

[ammo]

Quote from JSSPMK:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2389198>

JSS,does that say negative divergence ?

 

[startraitor]

China had a highly anticipated gdp report out at 10:00pm est. I am sure that was not leaked, that culture is as honest as they come.

 

[iloveoptions]

Quote from iloveoptions:

I'm changing the buy limit to 845.5. Trannies love playing at night and they seem quite eager tonight.

Out at 846.5. Placing a sell limit at 852 to renter again. Fast moves tonight. Oh yeah.

Current position: Short 814.25 + 65% hedge.

 

[Dominic]

That answers my question as to the -10 point drop at 22:00 hours...

 

[startraitor]

Never thought we'd have to pay such close attention to China's economic calender. If they can't turn back on the export engine they are going to have problems anything under 10% is negative growth.

http://www.bloomberg.com/apps/news?pid=20601087&sid=az4OW44aUopA&refer=home

 

[ammo]

form fitting look at aapl and naz

 

[ammo]

naz, aapl at resistance ,naz rejected and turned back at res

 

[lurefo]

Quote from startraitor:

To me the move down to 31 was clearing the minefield, most done in overnight. Brick shithouse at last weeks high and a line here at 56 that if holds sends it down, clear road to 25 now, as I type...

Thx... Good trading, nite all!