ES Journal Archive (2009 - 2010)

volente_00 · Oct 30, 2009

Quote from Lawrence Chan:

Who is more greedy, the longs or the shorts? =)

The answer depends on your timeframe

volente_00 · Oct 30, 2009

Quote from saliva:

I guess the longs got their neck wrung instead. Please, no more squeezing and other unnecessary fondling.

But how many late shorts got squeezed out on the 7 point upmove after I posted ?

JSSPMK · Oct 30, 2009

Quote from saliva:

I guess the longs got their neck wrung instead. Please, no more squeezing and other unnecessary fondling.

Weekly histo suggests that upside ought to finish here, now the weekly bar has closed just below the TL (but oscillations ImPO are not based on exact numbers).

My gut tells me that they will try to initiate a bigger squeeze creating a failure on the Daily chart, H&S in other words.

saliva · Oct 30, 2009

Quote from volente_00:

But how many late shorts got squeezed out on the 7 point upmove after I posted ?

Yeah, well, that's old news now, ain't it? If you still held on to your 7 point gain, it's now a goner. So what's the point?

wutang · Oct 30, 2009

Quote from JSSPMK:

Weekly histo suggests that upside ought to finish here, now the weekly bar has closed just below the TL (but oscillations ImPO are not based on exact numbers).

My gut tells me that they will try to initiate a bigger squeeze creating a failure on the Daily chart, H&S in other words.

I would agree with your gut.

volente_00 · Oct 30, 2009

Quote from JSSPMK:

Weekly histo suggests that upside ought to finish here, now the weekly bar has closed just below the TL (but oscillations ImPO are not based on exact numbers).

My gut tells me that they will try to initiate a bigger squeeze creating a failure on the Daily chart, H&S in other words.

Neck in the 20's ?

shoulder back at high 60's -70 ?

Spy option interest hints at that scenario

saliva · Oct 30, 2009

Quote from JSSPMK:

My gut tells me that they will try to initiate a bigger squeeze creating a failure on the Daily chart, H&S in other words.

Lets put TA aside for a moment. Nobody is foolish to believe that PPT has released its grip on the market. Of course, there will be a squeeze. The problem isn't so much with if it will occur or not but when. Is that supposed to be on Monday or when it reaches, say, 1000?

JSSPMK · Oct 30, 2009

Quote from volente_00:

Neck in the 20's ?

shoulder back at high 60's -70 ?

Spy option interest hints at that scenario

ditto

JSSPMK · Oct 30, 2009

Quote from saliva:

Lets put TA aside for a moment. Nobody is foolish to believe that PPT has released its grip on the market. Of course, there will be a squeeze. The problem isn't so much with if it will occur or not but when. Is that supposed to be on Monday or when it reaches, say, 1000?

'When' is probably one of the worst factors to be predicted. Just as Wave suggested - embrace a breakout & 'when' will become a secondary factor

volente_00 · Oct 30, 2009

Quote from saliva:

Lets put TA aside for a moment. Nobody is foolish to believe that PPT has released its grip on the market. Of course, there will be a squeeze. The problem isn't so much with if it will occur or not but when. Is that supposed to be on Monday or when it reaches, say, 1000?

I'll bite, between 1020 and 1036 cash