ES Journal Archive (2011)

[JoshDance]

Quote from JoshDance:

long 44.75

out at 46

EDIT: should have closed at 47.75 on second pop to 48 when it didn't break, and then put a buy stop at 48.25 in case it did pop.

 

[JoshDance]

Quote from ammo:

may have put low in for the day

Oct 9 was not a swing low, why are you starting the trend line there?

 

[ammo]

if the low doesnt hold,we bounced off the 124 nip,up to the 125,if we retest and it doesn't hold there is a 123 cleavage below

 

[ammo]

dvol uvol suggesting trenday

 

[ammo]

Quote from JoshDance:

Oct 9 was not a swing low, why are you starting the trend line there?

its oct 7,because i could see where the 3 might connect for a tl

 

[macho grande]

c'mon 1252! i'm long from 1245.50 where i first broached the question: Will we see 1252?

 

[JoshDance]

Quote from ammo:

dvol uvol suggesting trenday

But ratio (uvol/dvol) rising since the open (bottom pane)

http://screencast.com/t/bcZyU602Slr

 

[ammo]

it is,its cut in half ,but still very negative ratio,you have to let the panic shake out from the open and guage/guess the reversal or just a calmer continuation of the trend

 

[fseitun]

Quote from macho grande:

c'mon 1252! i'm long from 1245.50 where i first broached the question: Will we see 1252?

ES just hit yd's globex LOD at 1248.50, this is why it aint testing 1252 yet. However, given the bullishness off the lows, I'd be surprised to not see yd's RTH LOD tested. Bulls clearly made a statement around 1236, saying to the bears: get the hell outta here!

 

[JoshDance]

I agree ammo, just saying that uvol and dvol are converging, not diverging. And from what you have said before, when they diverge this is a good trend day sign. Since we have broken the prior open and day's high, even if we go down here hard to call it a "trend" down day IMO. But if it continues a lot lower, then I suppose so.