ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

Pek,

Any projected downside target?
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Not really. The lower BB is around 880 right now but I expect it to turn upward. On the weekly the lower BB is way down around 700, but again that is also expected to move...
 
Quote from riskymove:

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...
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Not to worry. Although the gap is nothing to write home about, the risk to the upside is limited in my view.
 
Eur/usd looks like right on the TL and with oil hitting some resistance that should affect oil more if it drops below - also hitting the oil sector which has been on fire.

index put call ratio <1 and overall put call very low - everyone buying and getting bully another good sign

SMH weak and transports also pretty weak though they may bounce here. Transports getting hit hard would be a good sign for bears imo.
 
Quote from patoo:

look out GAPGUYZ are putting up a fight
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That's pretty much what we're seeing here.

I'm short @ 34.50 with a stop @ 36.50.

I wanted a quick profit and then to run som errrands ... and it looks like I'm about to get it ...
 
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