ES Journal Archive (2009 - 2010)

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Quote from BA_Trader:

People - the downside action today is shaking out the new longs and attracting new bears to trap... we're going to take out today's high sooner rather than later.
I see the exact opposite , Many traders thought we had a bottom yesterday and bought yesterdays close and added on the open today. Take a look at any stock , the aapl buyers couldn't get enough of it early on today and ended up puking it at the close along with all their nasdaq positions. This action looks very bearish to me.
 
Quote from jd7419:

I see the exact opposite , Many traders thought we had a bottom yesterday and bought yesterdays close and added on the open today. Take a look at any stock , the aapl buyers couldn't get enough of it early on today and ended up puking it at the close along with all their nasdaq positions. This action looks very bearish to me.

We agree - I am simply looking one additional step into the future.
 
Quote from BA_Trader:

People - the downside action today is shaking out the new longs and attracting new bears to trap... we're going to take out today's high sooner rather than later.


1060 cash level has to be tested before the buyers step back in. I agree with you but there will be some back and fill on the slow grind up to make the right shoulder in the 1100's of the h&s. Bears are very scared after the spanking DEMTDAYBOYZ gave them tuesday. 1058-1060 cash tomorrow will be the battle. FV is ~66 es and you can bet the shorts will be jumpy if we open gapped down.
 
Quote from Now is Now:

Now then...I am not too embarrassed to admit that I learned a couple of important overlooked facts from YOU a couple of years ago...

Confirmed my own thinking with a little "gem' thrown in ...

R U blushing.....

:D

NiN


So maybe I was wrong. Care to tell me what those facts were ?
 
Quote from Eko_Trader:

I learned never to play against DEMBOYZ, they'll rip your head off. And it's all thanks to the ES journal, and namely VOL. :D



No doubt.

I still find it interesting that 2 of the biggest down days that had huge intraday reversals up just happened to be on a T day as well.
 
Quote from schizo:

I wouldn't put too much trust in your fellow bears. It's my noobie hunch that this market will turn at 1055-ish. We're due for a bounce any day now.
What the hell did I say?

Get out when you can, not when you're squeezed out!
 
Man, I took a day off, and nobody kept you in check? :)

Quote from petty1978:

EDIT: 1051 is now looking less likely to spark a +20 point spurt...1032.50 next stop?

..and yet, we went from the 1056 low to 1068....
 
Quote from volente_00:

1060 cash level has to be tested before the buyers step back in. I agree with you but there will be some back and fill on the slow grind up to make the right shoulder in the 1100's of the h&s. Bears are very scared after the spanking DEMTDAYBOYZ gave them tuesday. 1058-1060 cash tomorrow will be the battle. FV is ~66 es and you can bet the shorts will be jumpy if we open gapped down.

I usually like to poo-poo vol and his trannie gang but, believe it or not, I'm feeling more bullish than him. I'm looking at 1130 as the likely pivot on the daily chart.
 
Quote from Pekelo:

Man, I took a day off, and nobody kept you in check? :)



..and yet, we went from the 1056 low to 1068....

How ironic? When I came across petty, he reminded me of you. So I don't understand what you're complaining about.

(BTW who the hell cares whether you put them on your ignore list. Geez, as if that really hurts!)
 
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