ES Journal Archive (2009 - 2010)

[Decel]

Quote from ammo:

44 nip on daily

Didn't we reach 44 earlier this morning though?

 

[schizo]

Quote from ammo:

44 nip on daily

Excuse my ignorance. After all this time that you've covered the essence of MP, I still don't understand what you mean by "nip". Looking at your chart, I see nothing that stands out at 44. What am I missing?

 

[ammo]

yes,i was saying i should have had a bid above that instead of 42

 

[Lawrence Chan]

Quote from Decel:

So many people on the short side it's scary.
Either we break down like predicted or the bear trap will be brutal.

Currently sitting on my hands after sustaining some losses. I should remember not to play the open.

This thread has been very bullish for 2 weeks already.

The several who indicated that they are short are all trading on longer time horizon.

So it is not the normal pick the bottom crowd we are seeing here at the moment.

 

[schizo]

Quote from ammo:

yes,i was saying i shoul have had a bid above that instead of 42

Methinks you'll get another chance, or perhaps even better than 42, by the end of the day. We shall see.

 

[ammo]

nips,cleavage and ledges

 

[ammo]

todays nip so far is 54-52.5 with a ledge at the 54, anywhere inside of that would have been a good target for a daytrader selling under the 59.5 trendline

 

[schizo]

Gotcha. Thanks for the info.

 

[schizo]

Quote from Lawrence Chan:

This thread has been very bullish for 2 weeks already.

The several who indicated that they are short are all trading on longer time horizon.

So it is not the normal pick the bottom crowd we are seeing here at the moment.

So where are you projecting the slide will end? 1000? Or even lower?

 

[ammo]

many other countries are already taking the austerity measures to ride this out, the U.S. is still sitting with it's nose in the air searching for wafts of rose gardens,we will slowly at first ,as in now ,descend to 1010,then 950 then 856 then 610,,shorter term market viewer so take it with a grain of salt