ES Journal Archive (2011)

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Exponentially increasing volume with each new high 1)

Test of indecision of yesterday's low at lunch (dinner on the East Coast) 2)

Inside range of the weekly VWAP on the 4 hour's 2 standard deviation channels 3a)

Higher low on the low-end standard deviation of the above said 3b)

New high after indecision to hold 4)

Close above 4 hour weekly VWAP; Europeans responded 5)

A new low doesn't necessarily mean subsequent new lows 6a)

A new low would in fact imply 2/3 of a range established 6b)

In which case a 1:1 and then some long should be wagered. 6c)

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The new high print..support or resistance. 50/50.
 
http://www.insidestocks.com/momentum.asp , bottom of page, percent above ma,these were all below 30% on thur or fri,30 and 70% or the benchmarks for oversold /overbought..there are a million other examples for bear or bull,intuitively we are all at odds,Christmas rally,bounce,fed ,tarp,QE umpteen,but i think fundamentally we might be witnessing the realization by the powers that govern the money that we can't push it up anymore,fear of another false push is holding the market up,we will just have to wait for the move and go with it,just don't get caught long on a big move against..if you watch it long enough you can see the same players making the same moves,just move it up,pull it back,there's a loose synchronization to it, and that has temporarily disappeared..It's best to be cautious in here and wait for a sure thing,there are fewer of them,and sitting on your hands will insure that you have money when easier trading returns..,just staying up too late and getting up early ,watching this thing,mind just getting tired,might be a personal problem
 
I wish I could make enough money in this day-trading crap to position with a 240m. A 6 SMA and 9 RSI, possibly a Daily and Weekly for a Nuesta alternative and fiscal quarter to fiscal quarter. I'm ultimately aiming at less exposure to the insanity of commodities and allocate 30% blue chip, 30% small cap, 30% emerging market or unrelated foreign established and 10% either a jumbo cd or shoe box cash. Or .50 calibers while they're still legal. cha-cha-cha.
 
Quote from zjulian104:

Inside range of the weekly VWAP on the 4 hour's 2 standard deviation channels 3a)

Close above 4 hour weekly VWAP; Europeans responded 5)
More...

Which is it--4 hour or weekly?
 
Quote from JoshDance:

Which is it--4 hour or weekly?
More...

Thinkorswim's drop-down study for VWAP lists choices of a day, week or month. I've never really confirmed the numbers in a spreadsheet but anything over a 60m and I use the weekly.

Likely weekly, but it could be the volume of the 240m. RTH is a bar and a 1/6 so the differential gives a better approximation of trading activity. Using the full trading day and.. even better pulse on the people, or bots. [/natch]

Per my accumulation outlook: the 9RSI on the 240 in retrospect listed a sell divergence yesterday of no particular import angle-wise and selling has dominated from our close to the open of London's. So the escalation of volume long likely was a program short-covering aimed to attempt a ceiling on the run-up; if there is to be one.

I'm flat. From 1350 the way I've been reading the life of this market was a continuation sell from the 90's that found a bounce strong enough to turn it around but bears tanked it bottom-fishing. Even expecting a fat-tail from some periods of early calls to get long, a honest-to-goodness run-down to this leg's low can be expected. But if the bounce is legit, the low will hold. Still a fade market on run-up headfakes looking for selling weakness, and this week's open can be counted as one.

Put a 167 SMA on a 60 and fade longs for a few weeks. Look for the bull though. Oh and squeeze the PC in your spare time. In other words, let the institutions lose the money making the turn.
 
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