ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Quote from stella:

LC: You mentioned 900 level. Is this level called based on 1099 being a major top, meaning... you think that going into year 1010, we will not see any HH then this 1099 high and the 900 level is the 1st target of what you see is the start of a downtrend. That said, it means that you think eventually going into year 1010, we will see a lower low then the 2009 march lows.

A drop from below 1080 implies lower low. See chart in last post.

And that means 1000 or lower is not out of the question yet.

How the mkt react at around 1000 will tell if 900 will be next.

 

[JSSPMK]

Ignorance is bliss, don't pay attention to irritated people with personal issues. Just don't reply to them.

Best to all!

 

[saliva]

Quote from Lawrence Chan:

In the middle of a cross road.

Man you just had to bring up my stop, didntcha?

I'm raising my stop to 1066.75 now that you have it all plastered over your chart.

 

[JSSPMK]

Quote from saliva:

Man you just had to bring up my stop, didntcha?

I'm raising my stop to 1066.75 now that you have it all plastered over your chart.

Prices may rise into reports

 

[saliva]

Quote from JSSPMK:

Prices may rise into reports

I, on the other hand, believe the idiots will try to take it up to 66 and then do some silly ass dance moves within a 2 point range and sell into the report. My guess is that we could be traveling in the mid 50s by the time the report comes out. But then who can know for sure?

 

[saliva]

Quote from saliva:

Man you just had to bring up my stop, didntcha?

I'm raising my stop to 1066.75 now that you have it all plastered over your chart.

See, What did I tell ya? You opened the can of worms.

Man, am I glad I raised the damn stop. Was that close or what? I barely escaped by a single tick! :eek:

Alright, I'm raising the stop yet again to 68.25. No more!

 

[saliva]

Quote from saliva:

I, on the other hand, believe the idiots will try to take it up to 66 and then do some silly ass dance moves within a 2 point range and sell into the report. My guess is that we could be traveling in the mid 50s by the time the report comes out. But then who can know for sure?

Okay, now that we retraced 2-points from the top, let's see if the merry-go-round will begin.

 

[JSSPMK]

Quote from saliva:

Okay, now that we retraced 2-points from the top, let's see if the merry-go-round will begin.

price just broke out

 

[saliva]

Quote from JSSPMK:

price just broke out

Broke out from what?

By 2 points, I meant a rangebound move between 66 and 64 (eg. 66 - 2). Yes, it did break above 66 by 2 ticks. We'll call that an unintended head fake.

(Still, they failed to hit my stop at 66.75, which now sits at 68.25.)

 

[JSSPMK]

LC, EUR in ascending triangle, 1.5050 seems likely next stop ImPO.