ES Journal Archive (2011)

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Quote from bigsnack:

If this downward trendline on the TICK breaks, I will reenter. My bias is long as long as the TICK doesn't close below -600.

NYSE TICK trendline broken on extreme readings (+1200), but still not going anywhere.

Is that a divergence worth noting or is it just a matter of time?

Wedge formation still intact as of now.

EDIT: NQ is edging higher though.
 
Quote from Laissez Faire:

NYSE TICK trendline broken on extreme readings (+1200), but still not going anywhere.

Is that a divergence worth noting or is it just a matter of time?

It's only bullish for me :) Extreme readings are signs of strength to me, not a fading opportunity.

Here we gooooooo!
 
Yeah, but we reversed pretty fast from the new highs. A pullback to 81 may or may not happen. Maybe just 83.

I would not be surprised if we drift higher all the way to 95-1200 by end of day, but I don`t know. Kind of suffering from a one track mind at the moment :)
 
Quote from volente_00:

Shorting 86,93,97 and 1203 in es. Stop is 1215. First target is 1160

Does that mean you expect us to trade up to 1200 today?

When do you expect to get paid on this trade? Tomorrow?

Good luck. :)
 
Quote from Laissez Faire:

Nice bounce off the 50% (3 ticks short actually).

But we made lower highs and now we`re at the 50%. 20-EMA just below. Will it hold for today?

Closed at -600, bigsnack. Are we bearish? :)
 
Quote from Laissez Faire:

Nice bounce off the 50% (3 ticks short actually).

Would not dream of shorting this one yet. Can`t pull the trigger on a long either, so that`s that :)

Short it, and lock yourself in a closet for a few hours :)
 
Quote from dadog:

Short it, and lock yourself in a closet for a few hours :)

I may have to do just that :)

Sold 1186,50. Stop @ 89.

Last shot for today.

Potential double top here. Please let this be the daily high.
 
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