ES Journal Archive (2009 - 2010)

[tb73]

I fell we test 892 and then I would like to see 873 by the end of the day. So I am long 883 and looking to reverse at 892 and ride the short bus.

 

[Lawrence Chan]

ORH 887.5
ORL 880.5

A breakout of this area, somehow, also matches the congestion zone of 3 hrs from yesterday.

Should be very directional and easier to play with.

 

[saliva]

Quote from saliva:

Short 887

Stopped 87.75

Trannies getting vicious.

 

[saliva]

Short again at 87

 

[Brendan R]

Quote from Lawrence Chan:

ORH 887.5
ORL 880.5

A breakout of this area, somehow, also matches the congestion zone of 3 hrs from yesterday.

Should be very directional and easier to play with.

I think we will remain stuck in that congestion area for the next 3-4 hours

 

[Lawrence Chan]

Quote from Brendan R:

I think we will remain stuck in that congestion area for the next 3-4 hours

Maybe. Maybe not.

Including AH, we have a clear higher high and higher low formation.

If we go up from here, it is then the 2nd higher low. Could point to R1 and previous day high.

 

[saliva]

Quote from saliva:

Short again at 87

Out at 86

 

[Lawrence Chan]

Funny how ES swinged within an 8 pt range so far this morning ...

Sleepy ... zzzz

 

[Lawrence Chan]

NQ at 1350 ... if that holds, should be very bullish sign.

If not, NQ should fill its gap below.

 

[saliva]

Quote from Lawrence Chan:

Funny how ES swinged within an 8 pt range so far this morning ...

Sleepy ... zzzz

But these moves aren't exactly baby steps and that's what makes this market so treacherous.