ES Journal Archive (2009 - 2010)

Pekelo · May 20, 2009

We just made a giant doubletop (best seen on the DJX) with the previous high 10-11 days ago, RSI divergence also in place. There is a chance of the dragon failure, that should happen around 900 on the cash. If so, the height is 50 points, do the math...

Alvianse_D · May 20, 2009

Every number I come across in ES I haxor 945.59 is in the cards. 914, bull's own 120 degree lost, though, and I have a measured move to 867, provided the bounce at 75 is satisfied. A 120 for the bears from 929.50 comes in at 871 even.

A boatload of volume there, too. 144 waves up from there and, well, we needed to climb back above the 250 SMA and hold 914 for a clear sign they're buying this. I'm not getting that.

iloveoptions · May 20, 2009

Quote from Lawrence Chan:

Right on time to finish the gap fill, not too early, not too late.

Previous day low 903.5
S1 901.5

Good call! Let me add 5%er here at 903.50

Current Position: Short 814.25 + 15% hedge.

ASusilovic · May 20, 2009

Quote from Lawrence Chan:

Formation in place ... would we get there?

LC,

excellent prediction power.

Now is Now · May 20, 2009

Quote from Now is Now:

BUYING 904.25

SELL 908.75

Now is Now · May 20, 2009

ALL ABOARD!!!

The 3.41 express is about to leave....crash into 896 gate or fly to 910.00?

Lawrence Chan · May 20, 2009

Quote from ASusilovic:

LC,

excellent prediction power.

Thanks.

Thanks to Pek ... learned something about double gap up days, thats all.

Now is Now · May 20, 2009

Quote from Now is Now:

BUYING 904.25

STP 899.50

trackstar · May 20, 2009

L 900

Lawrence Chan · May 20, 2009

Quote from Lawrence Chan:

The reason I am not too bearish is that we are still in triple green.

Bull is still in control as shorts failed to keep price below previous day close.

That being said, if we drop below the current day low, it will be very directional til close.

Very directional indeed.

Wave got it right, they wanted below 900 print today.