ES Journal Archive (2009 - 2010)

[Uncle]

Going long again at 941.5 stop 939.5 target 944.5

 

[saliva]

Quote from volente_00:

Yo Sal


DEMTDAYBOYZ send their regards.

Tell them they were well received. You might also include that the retailers buy and the commercials sell.

Anyway, let's compare notes after the close.

 

[Lawrence Chan]

Gap fill at 38.

PP at 37.

 

[lurefo]

Quote from lurefo:

sh 43 stp 44.5

out 40.5

 

[pocketmoney]

looking for 934 here.....maybe a long if it gets there.

 

[saliva]

Quote from Lawrence Chan:

Gap fill at 38.

PP at 37.

Is there a reason why you use 4:00 close as opposed to 4:15 close for the gap?

 

[Uncle]

Quote from Uncle:

Going long again at 941.5 stop 939.5 target 944.5

Stopped

 

[Lawrence Chan]

Quote from saliva:

Is there a reason why you use 4:00 close as opposed to 4:15 close for the gap?

Gap fill is a result of market making process.

Thus the stocks' actions to fill gap is more important than the gap fill in ES itself.

Thus gap fill based on ES, SPY, etc. is an approximation tool to how far, and how much gap fill is done by the underlyings.

 

[Lawrence Chan]

Weaknesses in NQ - failure to take out 1500, will imply the bottom of the range to be tested, 1475-1480 area.

A wait and see game now.

If NQ holds 1500, next is way higher.

 

[Uncle]

Long 2 more at 940.25 stop 938.5 target 943.5