ES Journal Archive (2009 - 2010)

pocketmoney · Jun 12, 2009

Quote from paul_alan:

That's a spicy meatball! Biggest trade you've posted yet? congrats.

yes sir!

(i take it you are not based in the US from the hours you seem to keep?)

Buy1Sell2 · Jun 12, 2009

Quote from Lawrence Chan:

B1S2,

I have 900 and below to print for daily to turn neutral.

I have 880 and below to print for weekly to turn neutral.

What's your #s for confirmed trend change back to the downside?

I am looking at 862 basis Sept on the daily contract. If broken then daily uptrend would be broken. On short term basis, I am looking long. On long term basis, I am looking short. On day trade basis, I am looking short. --Ishmael

Lawrence Chan · Jun 12, 2009

Quote from Pekelo:

Headfake. After breaking out, 950 should have acted as support.

The triangle was very "range-ish". When I refered to the Wyckoff thrust, I meant the fake breakout then a quick move in the opposite direction...

Pek,

Any projected downside target?

My projection has Dow at most going down to 8250 area in a week or 2, where the mkt has to decide what's next.

Lawrence Chan · Jun 12, 2009

Quote from Buy1Sell2:

I am looking at 862 basis Sept on the daily contract. If broken then daily uptrend would be broken. On short term basis, I am looking long. On long term basis, I am looking short. On day trade basis, I am looking short. --Ishmael

Thanks.

That indeed marks a break down for the weekly.

Buy1Sell2 · Jun 12, 2009

Quote from Lawrence Chan:

Thanks.

That indeed marks a break down for the weekly.

862 is only a pullback on the weekly, not a breakdown in my view. The daily is the chart to trade right now.

riskymove · Jun 12, 2009

Well Sal - we are getting the gap down but so far I'm not that impressed - would have thought it would be more...

However the dollar strength and oil weakness may bode well...

Lawrence Chan · Jun 12, 2009

Quote from Buy1Sell2:

862 is only a pullback on the weekly, not a breakdown in my view. The daily is the chart to trade right now.

Yep. Stopping at 862 is a pullback.

I was thinking of a break and slide to 820-830 area. Did not spell out my thoughts, hoping that you can read mind through internet.

piggie2000 · Jun 12, 2009

Lol we've hardly come off a 956 top 24 hrs ago and people already mapping out there 140 pt spx drop. Back up boys we still need to break 920 and 875 and the slowness of the mkt that could take a while. I'm still mentally prepared for these criminals to make a run at 1000 first to screw all up.

patoo · Jun 12, 2009

Quote from piggie2000:

................ Back up boys we still need to break 920 ...........

Thank U!

lurefo · Jun 12, 2009

short 34.75 stp 36