ES Journal Archive (2009 - 2010)

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I'm all for a drop. Been waiting for a decent one since June.

It's just that the market may not listen to reason. They take news that they want to take:
-Sentiment is up? Rally the market!
-Sentiment is down? Forget that stupid sentiment and rally the market!

I'm pretty sure the instant I go long the damn market will laugh at me and tumble.
 
Market internals still really strong. Avg Nyse tick has not dipped below 0 all day. Breadth and AD uptrending all day as well.

-burn8
 
Quote from kinggyppo:

This is what wave calls the 800 pound gorilla,
notice how the market went right back up. I was looking for a touch of pivot at 109.45.
When you see 1,000,000 plus shares in a minute take notice. Good trading.
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The cause was the great opportunity traders saw this am. See attached. The effect was the high vol spike u witnessed.
 

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Quote from gkramer:

The cause was the great opportunity traders saw this am. See attached. The effect was the high vol spike u witnessed.
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more specific per favore, you talking about the inverse IHS, trendline touch?
 
Quote from kinggyppo:

more specific per favore, you talking about the inverse IHS, trendline touch?
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Yes. Trendline/channel and a strong rejection of yesterday's low. A trendline may not take the market to new highs, but it can put money in a trader's pocket. :D
 
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