ES Journal Archive (2009 - 2010)

wave · Nov 9, 2009

I kid you not, the mechanics of the markets are in that video.

Lawrence Chan · Nov 9, 2009

Quote from Nexen:

Well, well, well, looks like it was retracement and not reversal.

So many gurus dead

2nd gap day still in play.

And many important tops all end this way.

So, no conclusion until after today is over.

Nexen · Nov 9, 2009

Quote from Lawrence Chan:

2nd gap day still in play.

And many important tops all end this way.

So, no conclusion until after today is over.

Oh please stop hoping. This was over the moment the 1020s held.

Decel · Nov 9, 2009

Quote from Lawrence Chan:2nd gap day still in play.
And many important tops all end this way.
So, no conclusion until after today is over.

The gaps aren't consecutive though. The first gap is from thursday.

Nexen · Nov 9, 2009

Quote from MandelbrotSet:

L @ 1081
S @ 1077

Looking for it to break to the upside.

Good trading

Super guru here buying the high of a breakout looking for a second breakout.

This is too much.

fseitun · Nov 9, 2009

Quote from Nexen:

Well, well, well, looks like it was retracement and not reversal.

So many gurus dead

Calling a reversal pattern or a retracement is something that belongs to technical analysis and has nothing to do with being a guru so stop your sarcasm because you are not funny at all.

It didn't take a rocket scientist to see the "possible" reversal pattern in NDX/NQ; the ability is not to identify a pattern, but rather to determine what PA is doing around the key areas of the pattern.

So far today NQ/NDX is rallying hard and the pattern is in serious jeopardy. Maybe we'll have a different view at the end of the day. Who knows?

Lawrence Chan · Nov 9, 2009

Quote from Decel:

The gaps aren't consecutive though. The first gap is from thursday.

Check with Pek.

It does not have to be consecutive. =)

Lawrence Chan · Nov 9, 2009

Quote from wave:

I kid you not, the mechanics of the markets are in that video.

Wave, stop teasing ... no one knows what to look for.

i.e. "oh ... there is a monkey in the picture?" =)

Nexen · Nov 9, 2009

Quote from Nexen:

In a serious note, how can you guys tell this is a reversal and not a retracement ?

I see more upside to come, but as any prudent trader knows, nothing goes up or down in a vertical line.

The 1020s (yes this is not over) will be interesting, if not that I see the end of the retracement somewhere between that and 950 and then it's back to the bull ride.

There, i gave you two options for the end of the retracement.

Sarcastic or not, Im owning all you bitches.

Decel · Nov 9, 2009

Quote from Lawrence Chan:Check with Pek.
It does not have to be consecutive. =)

:eek: :eek: Wha? I was sure it was! Pek can you clear it up?!?!?