ES Journal Archive (2009 - 2010)

[lurefo]

Quote from trackstar:

I think we probably will approach 950 today. I got room in this channel for it to run a bit more. Ill be fading the rest of it.

It's setting up to be an up trend day.

 

[Roman Candle]

Bought NQ 1478

 

[trackstar]

Quote from BoyBrutus:

track you got a chart for the blind?


You meant the original upper channel from march and april?

I doubt we can get there by the end of the day. Mine is on a 15min. It was a projection of where to take profit on a long.

Should be a decent reaction off that level.

 

[lurefo]

Sal, not sure if that answers some of yor questions and it's been posted here already, but it is still worth a reading.

http://zerohedge.blogspot.com/2009/04/incredibly-shrinking-market-liquidity.html

 

[Lawrence Chan]

New high made in lunch time.

What's next?

Tick indices all showing extreme buying still.

 

[Spooz Top]

Quote from ammo:

when we lost bear stearns and lehman, and merril merged ,we took out a substantial chunk of the big players, the ones left have a lot less to worry about when trying to manipulate the market, they may be squeezing out another large group in here.. Not saying that is happening but that would explain the big squeeze on fridays close. Knowing that player had to liquidate shorts, hold it up here and sell to him at higher prices..

good point.....the elimination & consolidation of big houses form an even larger monopoly that`s easier to maneuver.

 

[ammo]

added 44, avg 36+. dow, nq and djt are not making new highs, with the spu's

 

[saliva]

Quote from piggie2000:

Nobody's ever seen a bear mkt rally anything like this. s@p now up 41.5% in 12 weeks. Thats 5 good years of gains in 12 weeks. But what makes it more amazing is its been in low vol.

It ain't so much the depth of this rally, as incredible that may be, but the absence of bears. Bears are nowhere to be seen!

 

[jason586]

Short 921.75

Add short 944.00

 

[saliva]

Quote from lurefo:

Sal, not sure if that answers some of yor questions and it's been posted here already, but it is still worth a reading.

http://zerohedge.blogspot.com/2009/04/incredibly-shrinking-market-liquidity.html

Thanks for the link. I'll check it out later.

Hey Spooz, those are valid points. But we all knew that, be it conscious or not. You end up in a death spiral when nothing makes sense and NOTHING makes sense at the moment with all the precious knowledge you built up over the years. That's what I find most frustrating!