ES Journal Archive (2009 - 2010)

[JSSPMK]

Quote from Lawrence Chan:

Cool!

From various timeframes on ES and NQ, I have this uneasy feeling that we will not get a smooth ride to 1150 or 1200.

To push it in a particular direction, squeeze must be applied. With most players doing the exact same thing (i.e. buying breakout to the upside only, average down whenever we get a 20 pt drop, etc.) where everyone coming out happy is not normal.

Re - happy is not normal. Wasn't that the norm for quite a few years & if it was, then why not now? I am not into fundamentals, but I do remember reading that quite a few companies weren't paying dividends, so if that's the case profit has to come from a stock's volatility, is that a correct assumption?

 

[Lawrence Chan]

Quote from JSSPMK:

Re - happy is not normal. Wasn't that the norm for quite a few years & if it was, then why not now? I am not into fundamentals, but I do remember reading that quite a few companies weren't paying dividends, so if that's the case profit has to come from a stock's volatility, is that a correct assumption?

I thought averaging up to short til this march was the norm ... and that is quite different from how price behaves in this 8 months, isn't it?

=)

 

[ammo]

Quote from ammo:

add 1107.5 avg 1104.9

add 1109.5, avg 1105.75,add 1110.25

 

[kinggyppo]

short spy 111.34 stop 111.60

 

[Decel]

I see an IHS with neckline @ 1109.5 and shoulder @ 1106.75 on 15min

 

[kinggyppo]

Quote from kinggyppo:

short spy 111.34 stop 111.60

stopped out

 

[flatron]

LOL, l love the ES

 

[ASusilovic]

Short 1113.75.

 

[ammo]

Quote from ammo:

add 1109.5, avg 1105.75,add 1110.25

add 1114.5, hitting res in spx

 

[Decel]

Quote from Decel:I see an IHS with neckline @ 1109.5 and shoulder @ 1106.75 on 15min

Dammit, stupid IHS played out.