ES Journal Archive (2009 - 2010)

[wave]

I would suggest that traders invest in a good understanding of what constitutes value (think DCF) in markets and realize that charts are not even required to trade/invest in equities and indexes.

 

[wave]

But this stuff takes time, years of watching, understanding, testing, etc. In the meantime, just play momentum and accumulate net profits. Take what they give you.

 

[wave]

1065 on the technical side will trigger stops and the value buyers don't want it to go past 985.

 

[wave]

Watch these levels as we approach them pay attention to the volume.

1131, 1090, 1058.

 

[ammo]

Quote from eMiniFreak:

Golden cross on the $SPX chart today... anyone short should think twice if the 10:05 candle hasn't already convinced you...

turns out that candle was a sell and the 11 35 an d 11 40 est candles were the cover

 

[emg]

plan on going long 1166.50

 

[wave]

emg, i can almost guarantee they wont take it more than 10 points below 985.

 

[Darior]

Quote from wave:

Enjoy the ride down.

Top analysis Wave!

 

[Pekelo]

2nd gap pretty much closed. Now, who would have thought that???

We also have a possible dragon Failure going on. We are still in the Failure zone, so have to watch the behaviour, but the numbers are:

Height ~ 26 pts

Failure at 1178 (cash)

3rd top would be: 1204ish

 

[lurefo]

Quote from emg:

u mean 450-550 before spring 2011

wow you mean doomsday is coming!?