ES Journal Archive (2009 - 2010)

[ASusilovic]

Quote from EminiInsider:

So although I love your little kitten photo ASusilovic...I think this one is more fitting...

Very good one, too.

 

[ammo]

http://www.frontlinethoughts.com/gateway.asp an article on the deficit and p/e ratios

 

[EminiInsider]

Quote from ammo:

http://www.frontlinethoughts.com/gateway.asp an article on the deficit and p/e ratios

Yea, Mauldin is great. Check out Hussman also...his weekly commentaries are top notch: www.hussmanfunds.com

 

[inks2002]

Quote from ammo:

for mp users,so far its respected the 3 points on chart from page 15180,if you bought in the 54 area ,a normal day would take you back to the daily nip of 60-61,if we don't get above 63 on this chart it will be a b shape and suggests a lower day tommorrow...edit , the bounce at 54.75 didn't get inside the nip,not a big deal, but its possible we get down to 52 sometime today

ammo,

as far as MP goes for me I would view a nip as an attractor of price. Price moving away from a nip is strong. Cleavage to me would be a sup/res and if it fills then price has accepted that area as value and will travel through it. Am I off on your views or did you just say it a different way?

 

[ammo]

on a slow day without news, after a big dump,and reverse day,it tends to search for buyers and sellers,those nips from the chart on page 15180,while searching it stalls at that cleavage,after 12 noon, we've established a value are for today and we tend to move back to it,..........steidlemier used a sweater store analogy, u sel sweaters at $30 ,they are gone in one day,you raise the price to 40 ,2 days and so on,when you sell em at $70 ,no one buys, so you start reversing the price,............in this case the es to 52-3-4,no one is selling so it goes back up,its just the market searching for buyers and sellers til it gets thin ,then it reverses,when that happens it usually goes back to the nip...edit ..if the 52-54 nip doesnt hold then there are more sellers and we trade to the next nip or cleavage or ledge(50)

 

[EminiInsider]

Quote from ammo:

on a slow day without news, after a big dump,and reverse day,it tends to search for buyers and sellers,those nips from the chart on page 15180,while searching it stalls at that cleavage,after 12 noon, we've established a value are for today and we tend to move back to it,..........steidlemier used a sweater store analogy, u sel sweaters at $30 ,they are gone in one day,you raise the price to 40 ,2 days and so on,when you sell em at $70 ,no one buys, so you start reversing the price,............in this case the es to 52-3-4,no one is selling so it goes back up,its just the market searching for buyers and sellers til it gets thin ,then it reverses,when that happens it usually goes back to the nip

Very nice analogy

 

[inks2002]

Quote from ammo:

on a slow day without news, after a big dump,and reverse day,it tends to search for buyers and sellers,those nips from the chart on page 15180,while searching it stalls at that cleavage,after 12 noon, we've established a value are for today and we tend to move back to it,..........steidlemier used a sweater store analogy, u sel sweaters at $30 ,they are gone in one day,you raise the price to 40 ,2 days and so on,when you sell em at $70 ,no one buys, so you start reversing the price,............in this case the es to 52-3-4,no one is selling so it goes back up,its just the market searching for buyers and sellers til it gets thin ,then it reverses,when that happens it usually goes back to the nip...edit ..if the 52-54 nip doesnt hold then there are more sellers and we trade to the next nip or cleavage or ledge(50)

def a good analogy...weekly nip from last week at 1053.25...got pretty close

 

[atticus]

Quote from inks2002:

def a good analogy...weekly nip from last week at 1053.25...got pretty close

be there in a minute.

 

[EminiInsider]

Quote from inks2002:

def a good analogy...weekly nip from last week at 1053.25...got pretty close

little confused w your analogy...what's a 'nip'?

 

[inks2002]

Quote from ammo:

on a slow day without news, after a big dump,and reverse day,it tends to search for buyers and sellers,those nips from the chart on page 15180,while searching it stalls at that cleavage,after 12 noon, we've established a value are for today and we tend to move back to it,..........steidlemier used a sweater store analogy, u sel sweaters at $30 ,they are gone in one day,you raise the price to 40 ,2 days and so on,when you sell em at $70 ,no one buys, so you start reversing the price,............in this case the es to 52-3-4,no one is selling so it goes back up,its just the market searching for buyers and sellers til it gets thin ,then it reverses,when that happens it usually goes back to the nip...edit ..if the 52-54 nip doesnt hold then there are more sellers and we trade to the next nip or cleavage or ledge(50)

my main problem is determining when buying and selling is being cut off, basically when it starts to get thin...big problem i know ha