ES Journal Archive (2009 - 2010)

[ammo]

nips and ledges and cleavage,for upside resistance, end of month push for a high close, there is also a tl res line on the dail y barcharts at 903

 

[Buy1Sell2]

Buy1Sell2


Registered: Jan 2006
Posts: 7144


04-21-09 12:18 PM

Quote from Buy1Sell2:

In the near term, the market will continue it's short term uptrend and take a stab at 940.



I continue this view from page 9977



Yep!

 

[Buy1Sell2]

Buy1Sell2


Registered: Jan 2006
Posts: 7145


04-21-09 01:45 PM

Quote from MandelbrotSet:



This could be just another pause in preparation for yet another upswing,
Good trading





Bingo










Yep!

 

[riskymove]

Looks to me like some shorts are throwing in the towel this morning - volume is incredibly low given the news. Hocus pocus end of month mark up - then come back and reevaluate. The good thing about shorts giving up is that hopefully they will no longer be forced to deleverage and cover - and we have to assume a huge percentage of buyers lately are just shorts getting squeezed. Couple them with underinvested long only managers that are outperforming and will be out of work should they continue to underperform and we had the recipe for the major squeeze. Thankfully this month ends today.

Right now there is no news that matters to the market - hell one of the big three auto makers is most likely going into bankruptcy today and by all matters pertaining to the market that is being viewed upon favorably by price action.

 

[retire45]

Quote from Brendan R:

if you buy, you buy momentum, it means you buy now.

If it goes to 877, it means momentum is fading and chances we see 900 are smaller.

FYI, I will not be jumping on this bandwagon

Brendan.. 877 actually should be a deep but routine dip within this leg. Still hoping for 878 or so.

 

[volente_00]

Quote from vertigo3:

Does this mean I should disregard the R10 short at 881.25?

866

+10

+20



But what bothers me is the retracements are shallow and when they are usually smaller than 7 it can lead to a trend move.


As porgie would say


45 degrees


http://quotes.ino.com/chart/?s=CME_ES.M09.E&v=w

 

[volente_00]

Quote from riskaddict:

isn't this what the IHS people have been waiting for? Between this breech in the wall and the media hype we could see 940 easily.

Where is the move to 800 area to make the shoulder ?



May spy shows a lot of hedging at this level.

 

[volente_00]

Quote from riskymove:

Looks to me like some shorts are throwing in the towel this morning - volume is incredibly low given the news. Hocus pocus end of month mark up - then come back and reevaluate. The good thing about shorts giving up is that hopefully they will no longer be forced to deleverage and cover - and we have to assume a huge percentage of buyers lately are just shorts getting squeezed. Couple them with underinvested long only managers that are outperforming and will be out of work should they continue to underperform and we had the recipe for the major squeeze. Thankfully this month ends today.

Right now there is no news that matters to the market - hell one of the big three auto makers is most likely going into bankruptcy today and by all matters pertaining to the market that is being viewed upon favorably by price action.

Sell in May, and walk away.

 

[Now is Now]

BGT 880.00 S/L 877.00

SELL 883.00

 

[Spectre2007]

buy bonds...

sell stocks..... sell sell ... or hedge.

intermediate term inflection ..