ES Journal Archive (2009 - 2010)

[trackstar]

Quote from Lawrence Chan:

That depends ... gap fill when the announcement is made may not stop a melt up.

I am not really seeing a way that this announcement can be twisted to "good". Anyway, thats what stop are for.

Gap close is only a small part of my analysis. I see resistance on 15, 30, 120 and daily charts + a low volume move. Makes a decent candidate for fading.

 

[Lawrence Chan]

Quote from trackstar:

I am not really seeing a way that this announcement can be twisted to "good". Anyway, thats what stop are for.

Gap close is only a small part of my analysis. I see resistance on 15, 30, 120 and daily charts + a low volume move. Makes a decent candidate for fading.

Don't know how either. =)

But they have their ways ...

 

[Lawrence Chan]

Very much pre fed announcement action now

 

[ammo]

sh 65 offer 66 67, edit cover partial at 60.75 for a retest

 

[pocketmoney]

long 861.25 - 2 point stop

 

[trackstar]

Quote from trackstar:

Adding at 66 if we get there, otherwise adding on a sell stop at 54.00

sell stop add moved up to 58.75

sell limit add moved up to 67.00

 

[Lawrence Chan]

VWAP at 58.75 can attract price going there first.

 

[Lawrence Chan]

Quote from Lawrence Chan:

VWAP at 58.75 can attract price going there first.

Tagged.

 

[rida07]

long 2 at 859.75

 

[bidask]

Quote from Lawrence Chan:

VWAP at 58.75 can attract price going there first.

nice call. where do you get vwap from and what do you think is the exit point?