ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Quote from stella:

fake break or real?

have to break thru 63 levels with some force to drop back down.

the 1st hrly candle should light the way.. either up or down.

The channel breakout failed, so naturally going back to the bottom of the channel where there is some unfinished business - a gap fill.

 

[wave]

There are currently 50 stocks in the S&P 500 that are trading at a 75% discount to their value. The only risk is bankruptcy of the company.

 

[JSSPMK]

Quote from wave:

...The only risk is bankruptcy of the company.

or USA

 

[saliva]

Long 59.50

Stop 58

 

[wave]

What are the odds? Smart investors are loading up on these 50 stocks knowing they will reap millions when they revert back to their value.

 

[Lawrence Chan]

Quote from wave:

There are currently 50 stocks in the S&P 500 that are trading at a 75% discount to their value. The only risk is bankruptcy of the company.

Wave,

Then they go bankrupt. The index does not care. New components will replace them.

 

[saliva]

Quote from saliva:

Long 59.50

Stop 58

Out 60.75

 

[Pekelo]

Here is the NDX daily. There is actually an extra small shoulder at 1733 what acted today as a resistance and making the chart perfectly symmetric. To reach the same level of the left shoulder we still have about 4 days...

The necklines are in harmony too, unlike on the SPX chart...

 

[saliva]

Quote from wave:

What are the odds? Smart investors are loading up on these 50 stocks knowing they will reap millions when they revert back to their value.

To my ears, this sounds like nothing but another rationalization, especially that of a delusional bull. Sorry I couldn't resist.

 

[stella]

Quote from Lawrence Chan:

The channel breakout failed, so naturally going back to the bottom of the channel where there is some unfinished business - a gap fill.

where is this gap? i don't see it...