ES Journal Archive (2009 - 2010)

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Since I don't hold deep biases on the market, I don't like to make predictions. However, it appears that if the 835 area were to be taken out this week, and we can close below it, it seems likely that the 815-800 region would be tested. what do you think gentlemen?
 
Quote from iloveoptions:

Since I don't hold deep biases on the market, I don't like to make predictions. However, it appears that if the 835 area were to be taken out this week, and we can close below it, it seems likely that the 815-800 region would be tested. what do you think gentlemen?
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Good possibilty...but let me get my 858.25 first....:D
 
Quote from iloveoptions:

Since I don't hold deep biases on the market, I don't like to make predictions. However, it appears that if the 835 area were to be taken out this week, and we can close below it, it seems likely that the 815-800 region would be tested. what do you think gentlemen?
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The huge H&S on 1/2 hr points to 836. Interesting?

And testing of the neckline is here, right now.
 
Quote from Lawrence Chan:

Waiting for that ... seems like every 2 pts lower we see bottom picking, the whole day!
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This move down from 65 has been gentle, slow and well orchestrated. No fear, no noticeable volume.
 
Quote from Lawrence Chan:

The huge H&S on 1/2 hr points to 836. Interesting?

And testing of the neckline is here, right now.
More...

This snake keeps erecting new heads its hard to follow its many formations, but I see what you mean. :)
 
Quote from iloveoptions:

Since I don't hold deep biases on the market, I don't like to make predictions. However, it appears that if the 835 area were to be taken out this week, and we can close below it, it seems likely that the 815-800 region would be tested. what do you think gentlemen?
More...

IMO, if 30-40 is taken out , the market would want to test 800 and 775.

For the moment, I'm looking at how they play the gap. This day's action could set the rest of the week's action.
 
Quote from lurefo:

IMO, if 30-40 is taken out , the market would want to test 800 and 775.

For the moment, I'm looking at how they play the gap. This day's action could set the rest of the week's action.
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I do see that even though my volatility model isn't seeing much below 800. Yet on the other hand, 885-891 could be tagged too, and this week.
 
Quote from trackstar:

Breadth volume and momentum have been dying the past few weeks of this rally. Its game over soon enough.
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Yes but there has not been any real selling yet. Without sellers the market will print higher prices eventhough it is overbought.

Wow. I'm speaking like the trannies now. :)
 
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