ES Journal Archive (2011)

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Quote from Laissez Faire:

Several sectors dipping back into the red and TICK is retreating. It seems like higher price levels were rejected. If we close below 1285 on the 5-minute, I`m short.
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Closed a tick below. Not enough to convince me, so I sat on my hands. Shortly after the market spiked to new highs, but now we`re pulling back once again.

I`m thinking that I would like to see more broad strength on my sector screen before reaching new multi-week highs. The TICK is bending downwards and not giving consistently high readings either, which I would like to see if the market was strong.
 
will be a test of strength to see mrkt rally this afternon, going into long weekend long after such a strong run,prudence would take some profits,unless it's rigged
 
Quote from volente_00:

Gee I wonder why we bounced at 74 after hitting 84?



:confused:
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A 10 pt pullback was convenient, and you could see the buying start before we hit 74.25. Everybody and their grandma was looking at that area including myself.

It was last Thursday's RTH high, as well as Friday's high, as well as Tuesday's high, i.e. major major major support. It was also a touch of the bottom of the channel of this two day slide and a major springboard for the next expansion phase.

Have a good weekend.
 
Quote from eudaemon:

I know Mr. Pisano Jr. introduced number 10 to the western world.

My guess is that the joker that is making these man made prices can apply any multiplier he chooses to the price excursions, and he only uses 10 or a fib multiple as a practical joke.

But really what matters is what you believe.:eek:
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actually this is a good point, mkt is one giant rorshacian, random/nonrandom, skinny tailed/fat tailed, and so on.
Taleb covers alot of the issues in his first Black Swan book, survivor bias, confirmation bias, etc. People bang on him for being a lousy trader but he brings up some really interesting issues about the market, puzzle that it is, good trading.
 
I tried to warn you :)
Go me, Go!! Very nice rallying as predicted for months and months now. Should continue.

which 2 members had that little friendly wager a few weeks ago and what were the targets?? (jss?, startraitor?, fedpeople?)
Anyone remember the specifics? I cant find it as I cant remember which 2 had the 'bet'.
 
Quote from kinggyppo:

actually this is a good point, mkt is one giant rorshacian, random/nonrandom, skinny tailed/fat tailed, and so on.
Taleb covers alot of the issues in his first Black Swan book, survivor bias, confirmation bias, etc. People bang on him for being a lousy trader but he brings up some really interesting issues about the market, puzzle that it is, good trading.
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Good heavens ... the next thing will be that someone tells me that trading is just a game of probabilities.

This is almost too much on a Friday afternoon.
 
Quote from Airwaves:

I tried to warn you :)
Go me, Go!! Very nice rallying as predicted for months and months now. Should continue.

which 2 members had that little friendly wager a few weeks ago and what were the targets?? (jss?, startraitor?, fedpeople?)
Anyone remember the specifics? I cant find it as I cant remember which 2 had the 'bet'.
More...

Startraitor and icfed. We were at 1254. icfed wins if we get to 1354 first, and vice versa.
 
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