ES Journal Archive (2011)

[tycoonman]

Quote from iloveoptions:

Lawrence Chan said weakness was over though.

lmao...ill be a monkey's uncle if we have any kind of rebound...sure, maybe a rally to 1215-1220 tommorow and teusday, but this thing will be well under 1150 by EOY

 

[Lawrence Chan]

Quote from iloveoptions:

Lawrence Chan said weakness was over though.

Thanks for being a fan. =)

Last Wed/Thu was first try to bottom and seasonal weaknesses was over Wed.

This week Monday / Tuesday should be 2nd try.

Am looking for a 1-2-3 buy or double bottom breakout upside from these 2 days before jumping on board for year end rally.

Bullish? Yes. But I do not pick bottoms.

 

[Trvlwanderer]

Quote from Trvlwanderer:

quite the H&S on the eur/usd hourly.

Will be watching that neckline with interest. Looks to be setting up for a touch overnight.

touching and touching hard.....ugly potential.

 

[Lawrence Chan]

Quote from Lawrence Chan:

Thanks for being a fan. =)

Last Wed/Thu was first try to bottom and seasonal weaknesses was over Wed.

This week Monday / Tuesday should be 2nd try.

Am looking for a 1-2-3 buy or double bottom breakout upside from these 2 days before jumping on board for year end rally.

Bullish? Yes. But I do not pick bottoms.

To make it more technical - the way ES was holding up shows that someone knows something the general public does not.

It is very similar to how August bottomed and how 2009 bottomed.

The PA looks a lot like that.

My best guess is that the 2 weeks of planning that gave us the Fed swap line for Euro zone (the shock that started the 1 week melt up) may have a 2nd part in the script that will be launched soon.

 

[tycoonman]

Quote from Lawrence Chan:

To make it more technical - the way ES was holding up shows that someone knows something the general public does not.

It is very similar to how August bottomed and how 2009 bottomed.

The PA looks a lot like that.

My best guess is that the 2 weeks of planning that gave us the Fed swap line for Euro zone (the shock that started the 1 week melt up) may have a 2nd part in the script that will be launched soon.

eurozone is not going to fix itself.

short @ 1212; stop @ 1232; target @ 1100 ~mid-jan

 

[tortoise]

Quote from tycoonman:

eurozone is not going to fix itself.

short @ 1212; stop @ 1232; target @ 1100 ~mid-jan

I believe L.C. implied quite the opposite when he opined that another initiative might well be in the works. Moroever, I don't think anyone is suggesting that whatever the Fed may or may not have up its sleeve will "fix" the eurozone. Just that it might give the market a b.s. excuse to rally for a bit.

 

[tortoise]

Quote from tortoise:

I believe L.C. implied quite the opposite when he opined that another initiative might well be in the works. Moroever, I don't think anyone is suggesting that whatever the Fed may or may not have up its sleeve will "fix" the eurozone. Just that it might give the market a b.s. excuse to rally for a bit.

Having said that, I think we'll be at 1192 before we get back to the 1220s

 

[ammo]

Quote from ammo:

this is the all hrs ,i trade during the day off the rth,previuos chart,more volume in those profiles ... sh 12.5 .its the multiday nip on previous rth chart..add 13.5 .. add 14 ..offer 16 and 17..target 96-92 on chart in post below

taking a few off at this 02 (2.5)ledge,13.09 avg,only got 1 @ 14

 

[tycoonman]

Quote from tortoise:

I believe L.C. implied quite the opposite when he opined that another initiative might well be in the works. Moroever, I don't think anyone is suggesting that whatever the Fed may or may not have up its sleeve will "fix" the eurozone. Just that it might give the market a b.s. excuse to rally for a bit.

sorry i never understand technical jargon...just observe charts and mostly econ calender/global-news.

see u at 1190 i hope

 

[volente_00]

Quote from tycoonman:

lmao...ill be a monkey's uncle if we have any kind of rebound...sure, maybe a rally to 1215-1220 tommorow and teusday, but this thing will be well under 1150 by EOY

Odds favor over 1250 than under 1200 during next 2 weeks. If 1190-1200 holds then we will trade to 1320-1350 in the first quarter of 2012