ES Journal Archive (2009 - 2010)

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Quote from opt789:

IBM on fire right now, and intrade has the Dems losing the senate seat with an 84% probability.
I don’t know what is going to happen tomorrow, but everyone else seems to have already decided we will gap to news highs.
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Gap and Sell
 
Quote from tomahawk:

Intraday longs squeezing blood from a turnip now...
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Oddly enough, none of this matters intraday.

All that really matters is that you can take positions from which you can extract yourself for a tic or two profit or loss if it is not going in your direction.
The winners run on into history and if you are very clever the losers more or less balance themselves out.
 
CSX down over 3%, IBM has erased most all of today’s gain, Schwab down over 3% after reporting their earnings.
So how big will the gap up tomorrow be in the ES?
 
Quote from ASusilovic:

1044.00 is defended by bulls vigorously. They ar filled up to the hilt with long positions. One little "fuze" and Arrivederci...
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Gap up and trading into R1 tomorrow will setup the move to 41 or lower.

The intraday structure has dominated the PA for the past 3 months.

Longer term players are not generating the same efficiencies ...
 
Quote from opt789:

CSX down over 3%, IBM has erased most all of today’s gain, Schwab down over 3% after reporting their earnings.
So how big will the gap up tomorrow be in the ES?
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Let's see...if the sun rises in Asia, Asian markets will rise because of hope that sun will continue to rise each day. If the sun rises in Europe, European markets will rise because of hope the sun will continue to rise each day. These overseas rallies should lift our futures higher, and if the sun rises here tomorrow, full speed ahead, no?
 
Quote from ammo:

thanks, there is some sort of retacement rule off of final pattern, 38 % holds, we go higher(maybe, can't remember the rules), someone on elliot wave thread on et posted it awhile back ( 1 year maybe?) haven't found any sites explaining it
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you may find this interesting, this guys theory is that depending on how the waves/cycles interact you get either a v top/ bottom or double top/bottom. remember way back that the double bottom did not hold and we broke 750 on the spuz, then reversed like magic off the dreaded 666 #, this was a v bottom which to date has held, this burned alot, and I mean a lot of index traders who were waiting for that second test of 670 area. On the other hand
maybe its all a giant "Rorschach" blot with no meaning at all, either way the wheel will keep spinning so enjoy the ride!:cool:

http://cycleswhatcycles.blogspot.com/2008_01_17_archive.html
 
Quote from Lawrence Chan:

Gap up and trading into R1 tomorrow will setup the move to 41 or lower.

The intraday structure has dominated the PA for the past 3 months.

Longer term players are not generating the same efficiencies ...
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No offense Lawrence, but I recall myself making the exact same types of posts from March through November on another forum (daily and weekly). I trade what I see and flat at EOD, but the bias was alive and very strong.

My point is, this is deja vu again for the next potentially strong, yet unexplainable run up. Fucking twilight zone and permanent psycho screw job.

Of course I am looking for NO pullback/correction this time, so that in itself should be the green light to short the hell out of.

I will will probably "sleepwalk" and enter 20 long ES at somepoint right before the dive, LOL
 
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