ES Journal Archive (2009 - 2010)

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Quote from volente_00:

I think he is inferring that recent price action has been distorted because of low volume and today the big boys are back making things hard to read.

Ah. Well, in that case, have the big boys decreed that 1125 is now support?
 
Quote from volente_00:

I think he is inferring that recent price action has been distorted because of low volume and today the big boys are back making things hard to read.

Thanks vol.

I need better volume. It is still too thin and slow.
 
Quote from Builder17:

todays action, esp in reference to last week and friday, confuses me. mostly waiting. tho i did i just buy some SPY puts.


Watching 28.5 dt.

So far the 9/18 ma has said not to fight the trend since it crossed up at 1118 coupled with the shallow retracements warns you to either sit and wait, or take a high risk long buying above the gap on a shallow retracement.
 
Quote from ammo:

the djt and spx key off each other and oil keys off dollar,they are all basically the most looked at in US so they might make a good barometer to use against some currency baskets which someone else will have to decide the important match ups, you may also get a fakeout in one of these indexes which doesnt show on the newer one in question and it could be a good fade indicator

John Murphy wrote a pretty good book on this although it is quote dated. Bonds lead as they effect the pricing of commodities, think contango etc. Stocks follow commodities, takes a while to get the hang of it, get more complicated when you throw in gold, oil, etc. I believe that oil & spx have a very high correlation over 80% more to come.

http://forextrading.about.com/od/intermarketanalysi1/a/ia_ro.htm?p=1
 
Weaker USD, stronger Bond market, strong equity market,strong gold market and strong oil market do not add up. Somebody is wrong in this equation....
 
Quote from ASusilovic:

Weaker USD, stronger Bond market, strong equity market,strong gold market and strong oil market do not add up. Somebody is wrong in this equation....

Year end book closing last week. Today, many positions are reopened again.

Once that is completed (before noon), things will go back to normal. =)
 
Quote from Lawrence Chan:

Year end book closing last week. Today, many positions are reopened again.

Once that is completed (before noon), things will go back to normal. =)

Tomorrow is, statistically, the most bullish day of the year. Positive 74% of the time.

So, I guess following today's big UP day with another big UP day is the new normal ...
 
Quote from tortoise:

Tomorrow is, statistically, the most bullish day of the year. Positive 74% of the time.

So, I guess following today's big UP day with another big UP day is the new normal ...


Where are you getting those stats from ?
 
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