ES Journal Archive (2011)

klinckphilip · Aug 10, 2011

Quote from startraitor:

We can rocket 30 handles up easier than down from here.

agreed. topping off at the 50sma on the hourly while making higher lows on the 15min. Just a matter of time before it breaks the 50sma hourly and heads higher.

A lot of waiting going on. Insignificant at this point Federal budget balance numbers coming out at 2pm est.

kinggyppo · Aug 10, 2011

Quote from Rickshaw Man:

You better have deep pockets in this enviorment, 1.00% in a few minutes.

increased volatility swings both ways, I hope some of the retail guys are lowering contract size, they will get eaten alive in this vol.

dadog · Aug 10, 2011

Quote from kinggyppo:

increased volatility swings both ways, I hope some of the retail guys are lowering contract size, they will get eaten alive in this vol.

Volume is too low to sustain any up move atm.

We need to see this increase substantially, or we'll get a bull trap into EOD.

joneog · Aug 10, 2011

Quote from dadog:

Volume is too low to sustain any up move atm.

We need to see this increase substantially, or we'll get a bull trap into EOD.

Problem is, by the time you see the volume it's usually too late.

dadog · Aug 10, 2011

Quote from joneog:

Problem is, by the time you see the volume it's usually too late.

MAV's on volume work well to gauge this joneog.

Currently at 46.00 it's still too low for a bullish close. We need to see increasing volume soon.

klinckphilip · Aug 10, 2011

Consolidation....38ish is now support. Moving through moving averages is tough.

joneog · Aug 10, 2011

This 47.50-50 area has been big the last couple of days.

btw, I'm expecting a rally solely because I closed out my put-spread

Quote from dadog:

MAV's on volume work well to gauge this joneog.

Currently at 46.00 it's still too low for a bullish close. We need to see increasing volume soon.

I use mostly constant tic charts so volume is kind of baked in.

Eddiemorra · Aug 10, 2011

that's GOTTA be enough.
short 1151

klinckphilip · Aug 10, 2011

08-10-11 01:02 PM

Quote from JSHINV:

Just hope upside happens before my stop is hit - may very well will be hit. But, you want to play you got to pay.

Also, I think 60 will take much longer than 50. I think we will see 50 soon and then 60 a good while after that.

________________________________________________________

There is the 50. Lets see if 60 is very quick or if it takes a bit.

Eddiemorra · Aug 10, 2011

Quote from Eddiemorra:

that's GOTTA be enough.
short 1151

stop is at 1168