ES Journal Archive (2011)

[ammo]

sh 37.5..38.75

 

[noone3]

Msg from my news feed when i asked for pivots: "coming soon next stop 38.5"
so i guess that was a good resistance
However, the chart didnt really extend, so i would expect to see higher prices and a stronger retest.

 

[noone3]

taking a SPY long @ 37
will add more close to low 30s, stop at 25

 

[Rickshaw Man]

Hum very interesting.

 

[macho grande]

i think wave said the 36 ish level is good resistance and ripe for pullback..didn't he?

 

[tomahawk]

Dow is gunning for that precious 12000 ... no shorts until then imho. SPX 1250 maybe.

 

[JoshDance]

Quote from Rickshaw Man:

Hum very interesting.

Yes, partially the reason for target of 50 ES.

 

[noone3]

any equity symbols that you guys use as an indicator for S&P moves?
I used to look at banks and it worked well, but not anymore. They are far more bearish than the market so i am curious if you have any equity ideas

 

[tortoise]

Quote from macho grande:

i think wave said the 36 ish level is good resistance and ripe for pullback..didn't he?

yes, and under normal circumstances, he'd be right--but these are not normal circumstances. that's life. most of the time, normal wins--and so do people like wave, who know their methodology and stick with it.

 

[noone3]

Quote from Rickshaw Man:

Hum very interesting.

very nice. so your analysis would expect prices of SPY @125 ?