ES Journal Archive (2011)

[JoshDance]

I would expect 45 to break this time, and pull back to at least 43 or maybe even lower

 

[ammo]

we are here to get picked off,all the stuff we watch isn't enough to safeguard us,doesn't compare to what they have,our biggest defense is to know that we don't know

 

[macho grande]

Quote from fseitun:

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!

thanks for help here!

 

[ammo]

using 10 /18 low the tl comes n at 1332 ish spx

 

[fseitun]

Quote from 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.

I absolutely agree with you. By my definition of a trend day, one side - in today's case, bulls - should not have any opportunity to be bailed out of weak positions.

If you were a bull averaging down, you'd be counting the cash by now. No trend day at all. Bid down day, yes.

 

[JoshDance]

Quote from ammo:

we are here to get picked off,all the stuff we watch isn't enough to safeguard us,doesn't compare to what they have,our biggest defense is to know that we don't know

They have bigger and faster and more, but they leave footprints just like you and me--they can't hide their executions, and that info is open to everyone, and that's what keeps it semi-fair. Volume and price.

 

[fseitun]

Quote from JoshDance:

They have bigger and faster and more, but they leave footprints just like you and me--they can't hide their executions, and that info is open to everyone, and that's what keeps it semi-fair. Volume and price.

Ditto.

 

[ammo]

this es low is strange that its a 10/26 nip,for a strong selloff,its not considered a spot where buyers would come in,combined with the neg skew on the dvol uvol ,i'm leaning towards a lower low..just a guess

 

[JoshDance]

Spending lots of time below 45.50, not heavy volume, but developing some value. The longer we stay there, the better chance we go lower.

http://screencast.com/t/93UoXP1a0r

 

[ajcrshr]

Euro-zone officials say they have no plans for financial rescue of Italy