ES Journal Archive (2009 - 2010)

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Quote from petty1978:

The ES is getting ready to slip to at least 1054, most likely to new Globex lows...will update with exact trade as price confirms.
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Week's lows have been seen. GL
 
Quote from petty1978:

The full Globex session extended 100% today off of yesterdays range from its low point. Statistically, within 3 days the market will drop another full range of the original first day. Meaning the down side target for the ES is 1051. Uh oh.

Sometimes its a fake out and but this is a nice guide stick were the path of least resistance lies.
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Petty can you list out the numbers for me, on how you got to 1051, I just cant figure it out.
 
Quote from ASusilovic:

GAP number 4 in the making. I can't remember that we had 4 unclosed gaps in 2008 - you know credit crunch, Lehman Brothers, Merrill etc problems.

Basically, my question is : which bank is going to be bankrupt tomorrow ? I didn't catch it in the media outlets...:)
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last friday it was midwest,we won't know til after the close,but it's a good point
 
Quote from ASusilovic:

GAP number 4 in the making. I can't remember that we had 4 unclosed gaps in 2008 - you know credit crunch, Lehman Brothers, Merrill etc problems.

Basically, my question is : which bank is going to be bankrupt tomorrow ? I didn't catch it in the media outlets...:)
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gap no. 1 closed. 3 more to go. Next one 1094.00 - 1109.70....:)
 
I think that when the last seller has sold you are going to see a moonshot
up, remembers the same powers that took the mkt to 1200+ are still around.
Oh to be a long only fund mgr, 2 and 20 please, need to rehab that Hampton summer home. :p
 
Quote from EON Kid:

Petty can you list out the numbers for me, on how you got to 1051, I just cant figure it out.
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When looking for this to happen in this manner it is pretty straightforward:

Globex range on 5-19-10
High 1122.75
Low 1098.75
Range = 24 points

THEN extend out these numbers in a very simple format to get price levels:

1098.75 - 24 = 1074.75 PL
1074.74 - 24 = 1050.75 PL

[this 1074.75 price level needs to hold next full Globex session only or the next level will statistically be touched]

on 5-20-10 the full Globex session low was 1067.25

1067.25 is < 1074.75 SO

the next level to be reached is 1050.75, add a few ticks so you make sure you fill.

Try it out, it works on full Globex sessions, No-Globex sessions and most of the high volume NYSE stocks, try and stay away from NASDAQ, it is a little unpredictable with this technique.

Hope this makes sense and helps.
 
Quote from atticus:

Week's lows have been seen. GL
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Well we may see a rush up to new daily highs here but new lows are in cards, it may not be a flush right down the toilet to new lows today, but the next major move (20+ points) is down not up, once that move down plays out that may be a good place to look for price to tell you to go long.
 
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