ES Journal Archive (2006 - 2008)

Hello everybody, do you think that beige book can reverse this downtrend and start rally? Because otherwise we start sliding I bet...

 

guessing 1275 on es tape bullish at the moment.

 

Lawrence


We covered a couple points of the gap. Is 100% of the gap usually covered?

 

Not watching for the past hour ...

Test within a month - very likely (> 75%)

Test after that - less likely (> 50%)

We are looking right at the boundary case today.

 

Sorry what is the boundary case?

 

In terms of time, we are about a month since the gap was created. The probability drops a lot once a gap is not filled within a month.

The stats I have are for complete fill.

 

thanks

 

NQ has moved 90 point from yesterday high to todays low.

What a move

ON that, i expect some sort of profit taking before close


long at 26 stop 18

 

50% out at 33, stop moved on rest to BE

 

looks like a bull trap to me.