ES Journal Archive (2009 - 2010)

[ammo]

go to bottom of page and look at % stocks above moving avg, above 70% means no one left to go long http://www2.barchart.com/momentum.asp

 

[tortoise]

Quote from ammo:

go to bottom of page and look at % stocks above moving avg, above 70% means no one left to go long http://www2.barchart.com/momentum.asp

mmm...not sure I follow that logic...

 

[opt789]

Financials close to breaking down the first time today, if the H&S plays out LC should get his 1122, but so far they are holding them up.

 

[ammo]

oabove 70 ,under 30, overbought ,oversold, it can stay that way , its important to be aware in case of reversals , they are larger from these areas, because longs or shorts are in such a high percentage

 

[saliva]

Quote from opt789:

Virtually anything you look at has had significantly better trading opportunities than the ES over the last two months.
ES range today is 7.75 so at $50/point that is $387.5
Euro range today is 139 so at $12.50/tick that is $1737.5
If you are a daytrader you are probably throwing away your time on the ES.

Nah, forget euro. Check out Softs like cotton, sugar, or even orange juice. That's where all the actions are these days.

BTW, you say there's no inflation looming on the horizon? These charts say otherwise.

 

[tortoise]

will they close > vwap?

(two-day vwap has not been touched since before yesterday's RTH open)

 

[Lawrence Chan]

PP holds ... downside wedge broken

Usual buy 2 pm flush low in play.

 

[volente_00]

Quote from Lawrence Chan:

PP holds ... downside wedge broken

Usual buy 2 pm flush low in play.

DEMTDAYBOYZ wanted green

 

[tortoise]

vxo/vix/vxn dropping toward's days lows -- we close at new 52-week high?

 

[volente_00]

Quote from tortoise:

vxo/vix.vxn dropping toward's days lows -- we close at new 52-week high?

I'd like to see a retracement to make a right shoulder to set it up.