ES Journal Archive (2011)

[marceck]

ES closes yesterday's gap at 1204.75 as predicted. It sure took a while.

 

[ammo]

es

 

[ammo]

dvol over uvol, 3 .5/1,need a reduction or we'll visit that 87-84 area

 

[marceck]

Consolidating at lows, one more downside thrust is high odds.

 

[tortoise]

does anyone remember the old days, when there were afternoon reversals?


whatever happened to those things?

 

[marceck]

We get a lower low with s light bullish dive. Could be it. NQ tags 5 dma. Note that NQ is negative for the year below 2219, so bulls know the close they need.

 

[ammo]

Quote from tortoise:

does anyone remember the old days, when there were afternoon reversals?


whatever happened to those things?

lehman,bear stearns would never play the game,they are gone and merrill merged so big boys just move it in their favor with no competition,no natural predators left

 

[tortoise]

Quote from ammo:

lehman,bear stearns would never play the game,they are gone and merrill merged so big boys just move it in their favor with no competition,no natural predators left

well, it makes the afternoons quite easy now ...

 

[Builder17]

bought 7.5
stop 4.5
target 12.5

 

[marceck]

CBOE equity put to call showing complacency, whereas OEX option traders are very bearish. That's a red flag. Would not be surprised to see another flush, maybe even a waterfall decline into the close. Traders should not expect a repeat of yesterday's pattern. NQ needs to get back above 2229 quickly.