ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

One thing odd is that normal daily level topping formations are missing in this leg - no 2 gap ups in a row,
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We did have that. Thursday and Monday. Monday's gap only closed by 70-80%...
 
Quote from adadadog:

On hourly chart, ES is forming a bearish triangle and a divergent RSI. It will mostly have a violent break down most likely today or tomorrow.
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Very good observation, watching same thing
 
I have watched years of M1 tape and this latest meltup is unlike anything I have ever seen. I would normally get 5 candle pullback buying opportunities but every meaningful dip is bought with aggression. The only remotely similar market I ever witnessed this in was back when the Euro went parabolic and traded above 1.60. There is no concentration of capital in our equity markets bc our markets are the laughing stock of the world (look at how our gov't rewrote the bk rules and how let Fannie Mae raise $7B in straight preferred 2 months before nationalizing it and wiping out the equity). Look at the fund flows, our mkts are dead for decades to come.
 
Quote from JSSPMK:

Very good observation, watching same thing
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4 hour chart too.

Showing high probability of a pullback to 985 area.

BUT, 1000 must break and act as resistance first.
 
Quote from Lawrence Chan:

4 hour chart too.

Showing high probability of a pullback to 985 area.

BUT, 1000 must break and act as resistance first.
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I am interested either way :)
 
Quote from Bigpipn:

I have watched years of M1 tape and this latest meltup is unlike anything I have ever seen. I would normally get 5 candle pullback buying opportunities but every meaningful dip is bought with aggression. The only remotely similar market I ever witnessed this in was back when the Euro went parabolic and traded above 1.60. There is no concentration of capital in our equity markets bc our markets are the laughing stock of the world (look at how our gov't rewrote the bk rules and how let Fannie Mae raise $7B in straight preferred 2 months before nationalizing it and wiping out the equity). Look at the fund flows, our mkts are dead for decades to come.
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This reminds me that the US equity behaviour is very likely a kind of inflationary hedge.
 
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