ES Journal Archive (2009 - 2010)

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Quote from Pekelo:

...or one could have looked at the last 3 days as consolidation, and it was just a question of "what will cause it to break up higher" not the validity of the news...
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That's pretty much how I look at it. The same number that says life is rosy is the same one that says double dip is around the corner... I let my charts tell me how to play.
 
Quote from Eko_Trader:

There's no news yet that could aid in a selloff. So either we move to 1112 (200 day) DEC contract, or start doing some slow grind down which I'm not sure will happen.

Btw Sept contract just murdered its 200 day @ 1101, the next upside target looks like 1120
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looks like the latter. already beneath opening range low (30min).
might get support at yesterday's high 03 sep down to 01 (200day). if not, pek may get his 2nd day gap fill.

newbie
 
Quote from Builder17:

i think down was the fake and they open spy at 111 tmrw
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Not bad....

I am going to call a top here, based on the fact that both SPX and NDX reached their upper BB on their daily charts....
 
Quote from Pekelo:

Not bad....

I am going to call a top here, based on the fact that both SPX and NDX reached their upper BB on their daily charts....
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Too early, IMO. I bet we see 1114 by Monday's close, but I have no position.
 
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