ES Journal Archive (2009 - 2010)

[kinggyppo]

so far another higher low put in, short bias here.

 

[vmaxer]

on the 5 min, I see a triple divergence on both MACD histo and RSI (not as strong as MACD histo).

edit: RTH, 1st high was 3:30 yesterday, 2nd 10:15AM, 3rd 11:05AM.

 

[truehawk]

Quote from Pholeuon:

We are exactly on VWAP on daily and on VWAP on Rangebars and on vWAP on time bars.

We are at the volume weighted average price?

Doesn't that mean that the market makers are about even now on the shares that they bought when the market was dropping and sold the market was rising ? Looks like they have decided it is Miller Time.

Of course they will probably be back this afternoon.

 

[flipflopper]

Quote from Michael.jstocks:

market just messing around today. Cant believe we haven't got up to the 1058 area yet. Must be saving the propper ralliying for Tday tomorrow?

What is Tday?

 

[Pholeuon]

Yes, but the MM boots are fading movement from VWAP and Emas. If it will go more out they are more fading. Therefore will price not drop like rock 100 points on seconds - there are boots reacting. But if we sit at VWAP they do not know what to do. I guess therefore is miserable price action and volume.

 

[Pom]

Quote from MandelbrotSet:

Actually its' T-Day (as in Tuesdays and Thursdays).
***
There's an urban legend around these parts that Tuesdays and Thursdays tend to be bullish days (particuarly in strong market uptrends).

It's an original idea presented by Volente_00, and some people swear by it (LOL).

Edit: As you can see, we're all well acquainted with it.

 

[vmaxer]

pretty close dragon pointing to 43.75 (in line with Pekelo's bounce up target). Will post in a minute.

height = 6.5, failure occurred at 50.25 instead of 50.75.

 

[flipflopper]

Quote from Pom:

Wow, that's sad.

 

[vmaxer]

edit: just realized my math typo.

height is 8.25
failure should have been around 51.50

 

[Pekelo]

Quote from Pekelo:

It is called consolidation....

After 3.5 hours, we are back where we started.