ES Journal Archive (2009 - 2010)

saliva · Sep 13, 2009

Quote from satchel:

L 1026.75

Nice entry, but I rather screw alone.

MandelbrotSet · Sep 13, 2009

Quote from retaildaytrader:

What about the lip of that big v?

What about that 10pt Gap Down?

***

The day session will paint the true story, but right now I'm looking at a market turn. Maybe it double-tops with a (rather predictable) move back up to 1050 ... but we're due for a down move soon.

Good trading

retaildaytrader · Sep 13, 2009

Here is what I think. Take it for whats it worth, free

Look at September 2003 and you can see that trading appears to have some similarities to September 2009. Here are the levels on the S&P 500 real index I am thinking of:

1031
1018
990

In September 2003, the index did a stair case type run-up pulling back to those levels each time.

Quote from MandelbrotSet:

What about that 10pt Gap Down?

***

The day session will paint the true story, but right now I'm looking at a market turn. Maybe it double-tops with a (rather predictable) move back up to 1050 ... but we're due for a down move soon.

Good trading

volente_00 · Sep 13, 2009

Quote from MandelbrotSet:

What about that 10pt Gap Down?

***

The day session will paint the true story, but right now I'm looking at a market turn. Maybe it double-tops with a (rather predictable) move back up to 1050 ... but we're due for a down move soon.

Good trading

OE week points to lower 101-102 spy min

stupek · Sep 13, 2009

The OE week always gives a wild ride. Money to be made.

stupek · Sep 13, 2009

51 ES points netted last week. Best week in a long time. 3 cars.

saliva · Sep 14, 2009

Quote from stupek:

51 ES points netted last week. Best week in a long time. 3 cars.

My oh my! It's time for you to rub elbows with the head honchos. That means no more window dressing for you.

lexcorp · Sep 14, 2009

this drop a gift?
i assume so. Long here at 1028.5

JSSPMK · Sep 14, 2009

LC, ImPO, I see USD bouncing to 78 zone, what happens afterwards I can't say, logically it ought to be smacked at 78 to continue its decline, on the other hand Weekly chart's histo is diverging & if it develops fully it may point to formation of right shoulder on Monthly chart's possible IHS, although not so logical the latter development is still possible, is it not?

Lawrence Chan · Sep 14, 2009

Quote from JSSPMK:

LC, ImPO, I see USD bouncing to 78 zone, what happens afterwards I can't say, logically it ought to be smacked at 78 to continue its decline, on the other hand Weekly chart's histo is diverging & if it develops fully it may point to formation of right shoulder on Monthly chart's possible IHS, although not so logical the latter development is still possible, is it not?

That's the annoying part of potential trend change on weekly.

Given ES failed to close above last month high, it is likely it will try to test last month close, which is not far from here at 20.

From there if gap fill to the downside is completed it is still mid-10s for ES.

It confirms that USD "should" bounce at the same time.

Will have to see if USD acts as weak as it has been after this bounce.