ES Journal Archive (2009 - 2010)

Pekelo · Aug 19, 2009

Quote from workwithus:

trend from the open or adu...

Speaking of ADU, yesterday was one ending in a dragon signaling the HOD:

About today's rally, we have just reached the SMA on the daily, that might capture the move and stop it. (around 1000 cash)

adadadog · Aug 19, 2009

spy option put/call ratio is still 2:1, like yesterday.

ASusilovic · Aug 19, 2009

Goldman seller 998.00, 997.30

adadadog · Aug 19, 2009

HS formed on 15m chart.

adadadog · Aug 19, 2009

Quote from ASusilovic:

Goldman seller 998.00, 997.30

I shorted at 97 and 96.

Pekelo · Aug 19, 2009

Quote from Pekelo:

About today's rally, we have just reached the SMA on the daily, that might capture the move and stop it. (around 1000 cash)

SPX high was 999.61 and since then falling....

satchel · Aug 19, 2009

S 1592 NQ

adadadog · Aug 19, 2009

Quote from adadadog:

I shorted at 97 and 96.

covered at 93ish, vwap moving up and show some strength.

[Proximo] · Aug 19, 2009

Flat.

Lawrence Chan · Aug 19, 2009

Quote from Pekelo:

SPX high was 999.61 and since then falling....

Stepped out of the office and get a chance to peek at the chart just now.

I guess 990 indeed acting as support now as it failed to stop this amazing rally.

If my conjecture is correct, then the weekly correction will continue but likely in a very mild sloped way.

i.e. even if there is a lower high, it may come from the top of your daily b. band, don't you think so?