ES Journal Archive (2011)

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Quote from bigsnack:

Long 45.75's, Not quite sure what the target will be. The second we make an attempt at a higher high, I'll put a stop in at b/e.
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Very nice. I considered scaling in a buy at 45.50, 44.50, and 43.50, instead of all in at 43.50 .. when it consolidates for that long without moving down lower, a chance at getting a "good deal" is slim to none, very nicely played my friend.
 
AH mid is at 51,25.

50% gap is exactly at 52.

Could see a reversal there, but the gap is only 10 points, so it tends to be less relevant then. Complete gap fill at 57,25.

Picaso: A buddy at a hedgefund huh? That sounds useful. :)
 
Quote from Laissez Faire:



Picaso: A buddy at a hedgefund huh? That sounds useful. :)
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Nah, only for gossip :D

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fffff... that was some expensive peeing... (was waiting for a bit more of a pullback anyway)
 
Another thing to be watchful of is if NQ fills a gap before ES. That can be enough to form a bottom/top in ES or at least a reversal even if it did not completely fill it`s gap.

That was what happened on Wednesday when ES bottomed out before filling the gap. NQ had already filled it`s gap and that was enough for ES to find a bottom as well.
 
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