ES Journal Archive (2009 - 2010)

Bakinec · Sep 3, 2009

forming a HS on 1-min chart

BSAM · Sep 3, 2009

There's one good thing going on today: Today doesn't suck as bad as yesterday.

At least, not yet.

Lawrence Chan · Sep 3, 2009

Quote from stella:

Hi Lawrence,

Has your LT view changed to the downside? You mentioned 990. If that is maintained, would you say that LT to the upside is still intact?

Thanks.

In weekly consolidation / pullback.

Can turn into full sell off (continuation of monthly down trend) if key price levels are broken.

My monthly level to watch is 100 pts from the current swing high.

Eko_Trader · Sep 3, 2009

I expect us to bounce between 995/996-998 range till about 1pm.

long 995.75
stop 994.75

retaildaytrader · Sep 3, 2009

For what its worth, I think we go to 1017 in the next 3-4 trading days. Probably sometime next week. Thats 1017 on the index.

Eko_Trader · Sep 3, 2009

Quote from Eko_Trader:

I expect us to bounce between 995/996-998 range till about 1pm.

long 995.75
stop 994.75

out 998.00
+2.25 pts

Lawrence Chan · Sep 3, 2009

Unbelievable buying showing in tick indices afte the spike low.

retaildaytrader · Sep 3, 2009

Watch the $VIX. Each time its gotten over the top band in the last 2-3 years, it has bounced back down spiking the index. It looks like its breaking down right now.

volente_00 · Sep 3, 2009

Quote from Lawrence Chan:

Unbelievable buying showing in tick indices afte the spike low.

http://www.youtube.com/watch?v=ham6vFy8v2I

satchel · Sep 3, 2009

Closed long

Short ES996.50