ES Journal Archive (2011)

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Nice bounce off of Nazzie 2600 from back in March. SnP also touched its sma200. Wouldn't be surprised to see a bounce back to SnP 1295.
 
Quote from volente_00:

Even the bears can't hold DEMTDAYBOYZ down. :eek:
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Nope the bears cant hold them down at all.

I was looking to go long earlier today 30 min chart but it never triggered. Then the market did a 180 and triggered two of my strategies that hit their targets where I had enough time to post one of them and now the market 180 again.

demtdayboys know what their doing

lets see where the market takes us next, I am armed and ready.
 
The market doesnt really retraces on single moves. We go down from 66 to 52,50 without a retracement larger than 10 ticks and then straight up from 52,50 to 63, also without a larger retracement.
 
Quote from hektor:

The market doesnt really retraces on single moves. We go down from 66 to 52,50 without a retracement larger than 10 ticks and then straight up from 52,50 to 63, also without a larger retracement.
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The computers were in control from 66 to 52, and from 52 to close. No piker or pit trader is going to stop that freight train. They all got ran over today.

Tech and financials were weak long before it showed up in the SnP and Dow. More selling would have occured were it not for Naz 2600. Major buy programs were tripped all across Wall Street when Nazzie tagged its low. And keep in mind that the Dow never made a new low after this morning, nor did it break yesterday's low.
 
Quote from gkramer:

The computers were in control from 66 to 52, and from 52 to close. No piker or pit trader is going to stop that freight train. They all got ran over today.

Tech and financials were weak long before it showed up in the SnP and Dow. More selling would have occured were it not for Naz 2600. Major buy programs were tripped all across Wall Street when Nazzie tagged its low. And keep in mind that the Dow never made a new low after this morning, nor did it break yesterday's low.
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Today reminds me of the fast whipsaws the market did in spring 2008's credit crunch. I do not feel we will see a repeat of fall 2008 crash anytime soon but I could be wrong anyhow today was an interesting day that I managed to somehow come out ahead and good observation Gkramer their was no stopping that freight train.
 
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