ES Journal Archive (2011)

[Visaria]

Quote from Visaria:

stop changed to 91

91.5 stop

 

[tortoise]

Quote from gmst:

only 1 word....."Wow" !

So, it is classic short covering rally. What happens after shorts cover themselves

they attempt to reshort, thereby adding fresh wood to fuel the next leg up????

 

[Lawrence Chan]

ammo

They could be making IHS on 30-min RTH only

 

[gmst]

Quote from tortoise:

they attempt to reshort, thereby adding fresh wood to fuel the next leg up????

yes, either that or that they actually become successful in dumping the market and forcing the market below 1150 again!! Just wondering. Both scenarios plausible, but I am more biased towards short side.

 

[gmst]

Quote from Lawrence Chan:

ammo

They could be making IHS on 30-min RTH only

Lawrence, you have done so much work on quantifying ES market. Still you believe in H&S and IHS patterns, and that too on an intra-day basis. I can understand if you are looking at these patterns on daily chart, but on an intra-day basis - Makes me wonder. Have you done any studies like this on ES?

 

[ammo]

pattern getting narrow,friday broke below,today so far stalled at upper tl,with the volatilty,does it break above,or are we done,this is a trend day but,in the lat 80's that uv/dv ratio coudnt sustain a rally when it was 3/1,i dont know what the benchmark number is today

 

[tortoise]

Quote from gmst:

yes, either that or that they actually become successful in dumping the market and forcing the market below 1150 again!! Just wondering. Both scenarios plausible, but I am more biased towards short side.

could be. you certainly have lots of company...


on a short-term basis, this 96.25 level remains key

 

[noone3]

Quote from noone3:

taking a ss here at 94 area, stop at 96 tgt to be determined

forgot to post, took a tiny profit on this and exited waiting to see direction...
just watching again

 

[JoshDance]

Quote from JoshDance:

Stop to 95.25

out -5 ticks, boy that was a long time in the trade for nothing... could have bought 92 and sold 94 in that range and gotten my 10 points that way

 

[ammo]

heres that strange w pattern again flat 94