ES Journal Archive (2009 - 2010)

[Rashid_G.]

That trip over 1100 starting to look like one of those false breakouts and we know what happens when those fail.. EVERYONE was expecting 1128.. 1085 had better hold or 1050 will be here in a "flash". Breaking back into the 1085/1100 box AND breaking the rising TL?

That said BOTH NQ and ES are sitting exactly on their main rising daily TL's (But building huge bearish wedges) so make or break right here..

 

[Rashid_G.]

Overnight NQ.. Break the huge TL then rally time.. Until then short 1847 to 1850.. stop 1853 or so.

 

[Eko_Trader]

Quote from Eko_Trader:

Just for kicks and giggles. When we made that high in April, we rolled down to ~1040 cash and rallied to ~1130, which was about a 50% retracement of the down move. We even broke the 200 day to the upside, then we rolled down to 1010. We've now rallied to....you guessed it....new 50% retracement of the overall move. Now couple that with the fact that we're stalling annoyingly under the 200 day, and the giddiness I'm seeing here, and the fact that I'm mucho bullish. I think it might be wise to be cautious.

Bottom of the channel is at 88 and we need to close above it to maintain an up move. we also have that pretty IHS that's looking weak right now...we all remember how violent a rally we got when the last HnS failed. Let's see how she plays out.

 

[Rashid_G.]

Where's the window dressing?

 

[volente_00]

using above and belows says cash should bounce from 83-84

using r10 it is 79 es


but that pesky gap is still at 69 cash

 

[volente_00]

Quote from Rashid_G.:

Where's the window dressing?

patience


need to trap em first

 

[Airwaves]

Quote from Airwaves:

long 1085.5

out here at 1089.5 for +4

 

[Eko_Trader]

What was that?

 

[volente_00]

Quote from Trvlwanderer:

Vol, can you briefly explain the r10 again?

search under my name


There is a journal with rules in it

 

[volente_00]

Quote from Eko_Trader:

What was that?

hungover TDAYBOYZ ran an algo