ES Journal Archive (2009 - 2010)

[Lawrence Chan]

We are still inside first hr range.

And swinging back and forth around 50% of the day

 

[saliva]

Quote from tomahawk:

Right shoulder? ...

Yup, yup. But I'd be wary of a bounce at 940. That's where the trendline is.

 

[IndexSwing]

Added to my short at 42.75, stop now 45.50.

 

[mTrader09]

Quote from Lawrence Chan:

Higher low from w. spring.

Edit: Hold 40 or tagging PP?

vwap 944/45?

 

[tomahawk]

Quote from saliva:

Yup, yup. But I'd be wary of a bounce at 940. That's where the trendline is.

True ... and may not even get there before they run the stops above 950.

Still, I maintain re the chart I posted earlier that this move off the 50ema on the hourly is quite overextended.

 

[saliva]

Quote from saliva:

Small short 44.75

SL above 47

Out 44.50. Ain't going as planned.

 

[Roman Candle]

If the banks were not needing to raise capital thru issuance of common stock this market would be no were near were it is at the moment. There sneaky little final 3 minute ramp in the sp futures last Friday was needed along with Sundays overnight jam session to allow JPM to dump common on the open market.

The dailies along with some weekly indicators are in overbought territory. The only thing I will be doing is quick scalps. I’m no longer as bullish as I was two weeks ago. I hate these vertical rises in the markets, I’m afraid of heights.

 

[Lawrence Chan]

Quote from mTrader09:

vwap 944/45?

43

Acted as support

 

[IndexSwing]

Stopped Out -3

 

[saliva]

Short 946.75

SL above 950

(This one is a bit risky I must confess.)