ES Journal Archive (2011)

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Quote from Visaria:

Btw, the story that came out yesterday which sent es to 1230 was totally false:

http://www.marketwatch.com/story/no...-bailout-fund-report-2011-10-18?Link=obinsite
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Wow, talk about manipulating the market!!

Maybe we could all get together and come up with similar stories that would benefit our positions in a similar fashion for twenty point runs.

But that would require us agreeing on market direction...LOL!! :D

Looks like alot of up and down for the last ninety minutes while I was out and about.

Any ideas on where we go from here, or do we have to wait for the almighty Fraud, I mean Fed, to speak??
 
Quote from gmst:

my hypothese: HOD for today is done.

Ofcourse hypothesis could be wrong....but based on my overall price reading.
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I am questioning my hypothesis now. Well because of Beige Book, probably everything is open.

But the way market has kept above 1220, probably LOD is done....So I should be trading with a bullish bias.

Again I could be wrong!

Edit: Seems like its going to slowly drift upwards from here ??
 
I saw Macho Grande writing bull-run from my cell-phone so I ran back to my computer only to see that the channel and opening range is currently containing the action.

Why, Macho? I was drinking a mojito :(

Zooming out, this still looks like some kind of bull flag. I`m allowed one more trade today, so I think a break out of this channel would be needed in order to convince me.

Breaking 1220 has proved not to be significant today, as it is more of a zone and within the channel area.

Considering the immediate support below, a short may not be sexy.

Breaking out of the channel and yesterday`s highs, we could quickly see a nice run to the upside, me thinks.
 

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Remind me, please.

How much volatility is expected during the "Beige Book" release? I observe that Bloomberg annotates it only with a yellow star.

And why did I not sell the top off the channel? :)
 
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