ES Journal Archive (2009 - 2010)

[ammo]

eur/usd hit yesterdays 1.3786 mark and was turned back

 

[ammo]

spx hitting res, sh 96.75

 

[volente_00]

small h&s setting up on es going into 10:30


h 1100


shoulders 98 - 98.5

 

[jorgez]

Tricky position
The Trend is UP but the price is trapped under the OPEN in a narrow descending band and it is all capped by 1100.

Question is "Is the build up on the longside preparation for an upside breakout or simply a fake

 

[ammo]

it's wed , exp week , which is usually pretty lively, but after a very organized rally yesterday, we may have consolidation day, 1100-1092,i read last week where its Asian new year holiday all week

 

[Pholeuon]

We are just "biting" in the WVAP on daily and weekly. No wonder that there is indecision, it is very important point, if it will not turn down now than there is not any important resistance above us for some time. It can fall easily in the consolidation and vol will get his right shoulder, although I do not believe as deep as 1065.
It is necessary punish Euro as well what is problem for indices.
I will buy dips for scalps. Oil that crossed yesterday every possible MA is happily using the upper ones - 200 and 100 Emas like support.

 

[wave]

Pho,

watch them work their magic, 1065 is in the cards.

 

[ammo]

http://www.zerohedge.com/article/musings-money Zero hedge posted this yesterday, its a sneak peek from the "Onion " on bens testimony this afternoon

 

[Pholeuon]

Wave,
I agree with you about that level. Question is just when. I simply now expect (and "bet" in my trading) than 1120 (eventually 1140) first and 1065 later. You obviously expect opposite. However gorillas can make surprising moves so I am very carefull.

 

[jorgez]

gap filling time ??