ES Journal Archive (2009 - 2010)

[freehouse]

Quote from Lawrence Chan:

The only thing I do not understand is why they are holding up the mkt at 887-888 ...

666 -> 777 -> 888 ???

The possibility of ADU and that by now we have only 10 pt range make me cautiously bearish, instead of very bearish

Chinese buyers?????

[8 is a good luck number for the Chinese]

 

[ammo]

Quote from vertigo3:

I understand.
there have been too many times in my life when I've BOT BOT BOT when I really should have SOLD SOLD SOLD.
:eek:

that was a good laugh

 

[Now is Now]

As we have a moment of boredom, I would like to let you know that I personally think this market has extremely limited upside.

The reason I say this is, not that I know/or can predict anything, because beside trading ES I also trade a few stocks.

One of them I use as an indicator XLY ...when it rolls over I short oil and conversely do the opposite as it dictates. XLY is consumer spending.

Friday it roled over late and I was lucky enough to sell on a small spike on Monday morning and then shorted my oil stock , which had a fantastic run up.

The roll over was the equivalent of 922.00.

From a personal point of view, I thought the gods were looking after the market , because on a fundamental basis it simply doesn't make a lot of sense to me that it should have got to this level.Others may disagree.....

I am not predicting anything, because I just let the market tell me...however I have been waiting for the "crack", and unless XLY does a" Jeckel and Hide" I feel the good days (up ) are over for a while...

You may now go back to sleep.....

 

[Lawrence Chan]

The name is very misleading - blame Pek. =)

His findings on ADU is a time line, not price level.

And that once certain things fall in place, it is a very powerful predictor of the afternoon actions.

As long as the 11 am time slot swing low is not breached, then 1 to 1:30 is the time to go long til 3 pm.

I have a filter of taking out the 10:30 high to qualify the ADU formation. Pek has his own way.

Lawrence

Quote from vertigo3:

I guess if you disregard the 150 pt DJIA decline?

I'm looking at my notes from Pekelo's ADU (ALL DAY UP?) page and seeing,

"DJIA gains more than 50pts in first 10min, if up 70-80 points by 9:45 good chance for ADU, another top around 10:00am,
then a pullback" (of only a portion of the gains, -what gains, today?)

"with a low +/- 10 min of 11:00am" -OK I guess this price action sort-of unfolded.


"then another top in the 12-12:30 time frame followed by another retracement (Px moving lower) between 1 and 2pm.

"HOD usually 3:30-3:45"

L.C., seems more like an SDD, although nothing is perfect.

Can ya help me out here?

 

[ammo]

supports/////es 884/naz 1340/ym 8268/ trans2985, oex 416, we're pretty much there on alll of em

 

[vertigo3]

thanks for the explanation, L.C. rumors of your encampment in the realm of dementia have been greatly exaggerated (and wrong)
thx

 

[ammo]

here is an all day down chart,the uvol flatlines

 

[saliva]

Quote from Spooz Top:

how has it "died"?......what do you see,indicators or otherwise, to make you believe that?

First of all, I don't see aggressive buying on the dip as we used to. Second, ES failed to pierce above 940, the significance of which that didn't exactly escaped my attention as well as for you I'm sure. Third, we are down for three consecutive days and today happens to be the largest day, which indicates that selling momentum is finally picking up.

 

[Bigpipn]

Quote from Spectre2007:

heres something for you to think about..

suppose in guise of security you had access to all orderflow of the major US exchanges, you knew exactly which accounts were selling and buying tied into a tax ID. Also you had access to best super computers in the world.

now if you knew a select group of accts were profitable or are profitable for any given trade, you would have a very good picture of the 'market structure'... you could effectively front run or coat tail major orderflow.. which ultimately dictates where the market heads.

Bingo. It's too easy. Yet another way to mint money.

 

[Lawrence Chan]

Quote from saliva:

First of all, I don't see aggressive buying on the dip as we used to. Second, ES failed to pierce above 940, the significance of which that didn't exactly escaped my attention as well as for you I'm sure. Third, we are down for three consecutive days and today happens to be the largest day, which indicates that selling momentum is finally picking up.

I want a new low NOW to confirm the trend sell quality.