ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Gap finally filled.

Failure to close above 1080-1085 SPX on weekly basis, longer term down trend intact.

 

[Decel]

Quote from Lawrence Chan:

Gap finally filled.

Failure to close above 1080-1085 SPX on weekly basis, longer term down trend intact.

Can't they rally till the close?

 

[Pekelo]

Quote from volente_00:

Now the gap is filled Pekelo

Obviously, the market felt fine with the yesterday's morning 1.75 cash crack (not gap) left behind, since it rallied 18 pts after that.

 

[emg]

Good Morning Traders!

 

[Pholeuon]

Uptrend channel broken. I expect retest of it at 80 or above, planning to go short there.

 

[Lawrence Chan]

Quote from Pekelo:

Obviously, the market felt fine with the yesterday's morning 1.75 cash crack (not gap) left behind, since it rallied 18 pts after that.

Pek, just go thru the data once, if a large gap is not filled on 1st try this way, THEN what happen afterwards historically?

Be objective here.

Me and vol insisted that the gap to be filled for a reason. =)

 

[Lawrence Chan]

Quote from Pholeuon:

Uptrend channel broken. I expect retest of it at 80 or above, planning to go short there.

50 is 1st target for bearish scenario.

But the ride will be tough.

 

[fishing]

Quote from Lawrence Chan:

Pek, just go thru the data once, if a large gap is not filled on 1st try this way, THEN what happen afterwards historically?

Be objective here.

Me and vol insisted that the gap to be filled for a reason. =)

pardon my ignorance, which gaps are you guys talking about now?

 

[volente_00]

Quote from Panama:

volente;
was that the target for today? ... now churn or rinse and repeat?

higher than 107


lower than 110


A run to 1085- 88 cash is very possible

 

[emg]

plan on going long 1066.75