ES Journal Archive (2009 - 2010)

[fseitun]

Really tough market. We are in a tight range on the daily charts. Something will pop very soon. It's not the best time to hold positions for a long time and get greedy because almost all spikes get retraced fairly quickly. I'd say it's a scalpers' market.

Another option would be to take time off until we either break above this range or initiate a serious correction down to the low 50s.

Hope you all had a good day despite the dominant chop.

 

[tomahawk]

Today the 1174 bounce was the 50% retracement of the 1156-1193 (round) move on the daily/hourly, and in RTH the 78.25 pivot was today's range 50% mark.

These 50% levels have been reliable springboards all throughout this bull run. Until that pattern changes, I think we move higher.

 

[ammo]

was/am looking for that spx 1167,maybe we wil touch that tl tommorrow appx 1172, lower high lower low ,,,,durable goods, new homes ,tomorrow

 

[ammo]

divergence

 

[ammo]

large head and sh

 

[Airwaves]

Quote from Airwaves:

yawn
out +3
will get long again at 79

Obviously filled, and out here at 83.25 for another +4.25

stopping posting trades soon for what it's worth. Can't be bothered.
Good luck, kids.

 

[volente_00]

Quote from tomahawk:

Today the 1174 bounce was the 50% retracement of the 1156-1193 (round) move on the daily/hourly, and in RTH the 78.25 pivot was today's range 50% mark.

These 50% levels have been reliable springboards all throughout this bull run. Until that pattern changes, I think we move higher.

1174 was r10 as well

 

[tman]

DeMark Sequential is spooky.

 

[RichardRimes]

I'm certain every trader in the universe has seen the aforementioned large H&S.....however wouldn't this last run up(sep/oct) pretty much negate that as a technical "tell"?

 

[ammo]

i was looking at the 87 ,3 step pattern and noticed a head and shoulders at the end and then noticed the same on the current weekly,that's why i posted it ,the similarities are pretty strong