ES Journal Archive (2009 - 2010)

[ASusilovic]

Without comment....

 

[Trvlwanderer]

Cindy lieu lieu is is giddy and all positive this morning!!! I love it when she is giddy!!!!

 

[Lawrence Chan]

Quote from Decel:

Geh, was short but left with a single tick, fearing senseless up-moves.

It's incredible how LC reads these markets, normal or thinned-out.

Thanks.

When the mkt is thin, use higher timeframes. That implies bigger stops, and probably swing trade. Thus it is better to walk away from the mkt if you are not comfortable doing that.

NQ 1830 area may take some grinding to get there.

 

[Lawrence Chan]

Quote from JSSPMK:

What is/are the reasonings behind expectation that this is a false breakout? In the chart that I posted it clearly shows that it's a global event, ImPO Nas is set to revisit 1960.

I am not sure if it is false breakout or not.

For a good breakout in ES, it usually retests the ledge top once before going higher, that includes the daily level breakout we have now.

A test of 1114 area is a reasonable expectation.

Fail to hold 1108 - 14 zone will tell the tale.

 

[Lawrence Chan]

Quote from ASusilovic:

Without comment....

Wave has the foot print at 25 to 35 as the zone.

I have 25-30 as sell zone.

First reaction to that produced 10 pts sell only, not strong enough to be called a turning point on daily ...

Maybe everything has to wait til after New Year as ammo said.

 

[ASusilovic]

Quote from Lawrence Chan:

Wave has the foot print at 25 to 35 as the zone.

I have 25-30 as sell zone.

First reaction to that produced 10 pts sell only, not strong enough to be called a turning point on daily ...

Maybe everything has to wait til after New Year as ammo said.

Schicophrenic insanity can be diagnosed in the old year. Don' t need to wait for the NewYear.

 

[JSSPMK]

Quote from ASusilovic:

Schicophrenic insanity can be diagnosed in the old year. Don' t need to wait for the NewYear.

What's that old saying about irrationality of a market? Just have to be patient if you think it's driven by BS motives.

Just looking over on daily chart, it just managed to break away from a congested range where it's been trading for a long time, 20 ma is steadily apart from 100 ma. There seems to be little intention to take it down, maybe just a brief pullback.

 

[Eko_Trader]

Long some JAN 110 puts @ .80 yesterday. As already mentioned by LC & Wave. I anticipate a test of that breakout point, and I believe it could happen as soon as real volume arrives.

 

[ASusilovic]

Quote from JSSPMK:

What's that old saying about irrationality of a market? Just have to be patient if you think it's driven by BS motives.

Just looking over on daily chart, it just managed to break away from a congested range where it's been trading for a long time, 20 ma is steadily apart from 100 ma. There seems to be little intention to take it down, maybe just a brief pullback.

Market is generally ok. At almost 0 % interest rates, 10 yr yields around 3,8 % , a lousy real estate market => no surprise that money is flowing into equities. But what makes me real angry is the indiscipline the market is mving higher. Pure bullshit.

 

[Lawrence Chan]

Quote from JSSPMK:

What's that old saying about irrationality of a market? Just have to be patient if you think it's driven by BS motives.

Just looking over on daily chart, it just managed to break away from a congested range where it's been trading for a long time, 20 ma is steadily apart from 100 ma. There seems to be little intention to take it down, maybe just a brief pullback.

The intention is to hold the mkt up at Dow 10500 or above by Dec 31 close.

Thus a minor sell off is needed and at critical zone, induce a huge squeeze to finish the year off above that level where the old chartists would say, "the bear mkt is over!"