ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

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!"
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Is this REALLY necessary? The friggin' market is up more than 60% for the year and you're bitching about extra 1%? Dude, go hang yourself! :D
 
Quote from rock34748:
trying not to be greedy, looking for 1113 within the week.
edit: save B1S2 the trouble, ignore for journal, no live trade posted. :p Hope all are enjoying the holidays.
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missed by thaaaat much. holding for now betting on RTH area test again.
 
Quote from saliva:

Is this REALLY necessary? The friggin' market is up more than 60% for the year and you're bitching about extra 1%? Dude, go hang yourself! :D
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Do not kill the messenger please. =)

10500 in Dow is actually very significant in terms of classic price patterns using weekly and higher timeframes.

Should the quarterly/yearly close at 10500 work out, the sell off from end of 2008 to beginning of 2009 is neutralized. That means, you can buy all dips and hold for new highs - like that highly advertised 1200 area. =P
 
Quote from rock34748:

missed by thaaaat much. holding for now betting on RTH area test again.
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Price action will be volatile from this point onward.

Should 13-14 fail to hold on retest, you will get 08.
 
would like to see the gap filled near the open and then a strong break of 1117.00-.50 area. Gut feel says it will be pushed back up if it hit 1115, but we'll trade what we see.
 
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