ES Journal Archive (2009 - 2010)

[ammo]

Quote from trackstar:

What exactly does cci measure?

http://www.trading-naked.com/Articles_and_Reprints.htm go halfway down on page, 2nd column from right is the author, look for goinglite, he's a n et member and a trader, is /was ? with don bright, smart guy

 

[saliva]

Quote from newguy05:

i am not throwing the charts away yet. Technical and price action never changes over the years because human nature do not.

You didn't take my word literally, did you?

This landscape is littered with bear carcasses and the stench is overbearing. I would think only idiots would buy at these levels but who knows just how far this rally will go. The catch phrase is, yes, who knows? I might even have my moments of regret when the Dow soars back up to 15,000. I'll just have to wait for another bubble to burst.

 

[Lawrence Chan]

Quote from Lawrence Chan:

A very important development here.

Today is taking out exactly the 20 days consolidation. As if we are reading a text book.

Tomorrow, if gap up and sell back into the 20 days range, an important top is printed.

Another important daily level setup.

Almost all bearish years where the close of the year is lower than the open of the year in SP, had their rallies start from March and end in early June.

The funny thing is that we have such a rally this year but the magnitude is way larger than all the previously seen ones. Is this the exception or just another case that is repeating history?

 

[Now is Now]

Quote from Lawrence Chan:

Another important daily level setup.

Almost all bearish years where the close of the year is lower than the open of the year in SP, had their rallies start from March and end in early June.

The funny thing is that we have such a rally this year but the magnitude is way larger than all the previously seen ones. Is this the exception or just another case that is repeating history?

What does Las Vegas say.....

 

[volente_00]

Quote from Now is Now:

What does Las Vegas say.....

Odds at CASINO VOLENTE still say 943-953 and then 800.

 

[Lawrence Chan]

Quote from volente_00:

Odds at CASINO VOLENTE still say 943-953 and then 800.

Like to see that 800 or lower, latest, by Sep to Oct op ex. =)

 

[ammo]

Quote from ammo:

covered 1/3 at 937.5(minus a point)

,add 41.5

 

[lurefo]

Quote from saliva:

LOL The Darwinian selection process begins anew.

Frankly, my mantra up til now was "Learn to adapt or perish!" and it's about to get thrown out the window. Ya see, that attitude is perfectly viable in a legit environment. This trading environment ain't legit. It isn't normal by any stretch of the imagination.

Perhaps it's just me. So I'm adopting another mantra: When in doubt, stay out!

The last sellers are forced to throw in the towel, so the market will probably reverse soon.

Again, I wouldn't short unless I have at least a very short term momentum with me. That thing could rocket to 1000 just to clean out the last bear.

Longs are still my favorites unless proven otherwise.

Good trading all.

 

[ammo]

still at res line, looking for es 920, will be away from computer rest of day

 

[Now is Now]

Quote from volente_00:

Odds at CASINO VOLENTE still say 943-953 and then 800.

I know you are a trader with disciplines so you may be kind enough to let us know what your stop is/will be....