ES Journal Archive (2006 - 2008)

Discussion in 'Journals' started by Buy1Sell2, Mar 2, 2006.

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  1. Here's a familiar refrain you would not want to recite again: Whodathunk the market would gap up (on Sunday night)?

    Anyone willing to hold overnight?
     
    #48201     Nov 14, 2008
  2. wave

    wave

    Thanks bigb.
     
    #48202     Nov 14, 2008
  3. JSSPMK

    JSSPMK

    Check out Amex adv/dec eod weekly line chart, looks interesting, seeing a bullish grail there


     
    #48203     Nov 14, 2008
  4. last hour - HOD to LOD
    53 points, almost a point per minute.

    920

    865

    Familiar numbers?
     
    #48204     Nov 14, 2008
  5. I dunno about A/D, but I took a small position at 865 with a stop placed at 861. Hopefully it'll work out.
     
    #48205     Nov 14, 2008
  6. Pekelo

    Pekelo

    So today was pretty much like Nov 11th as mentioned earlier, and the next day was a selloff. I expect another big red day for Monday...

    Oh yes, cash closed -38, 2 points away from my guess...
     
    #48206     Nov 14, 2008
  7. The shut out of 920 seems to me a forced play to either retest 840 for a IHS on daily, or 820 for a quick double bottom.

    Bulls must show up there this time with real buying, not tricky squeezes. :cool:
     
    #48207     Nov 14, 2008
  8. Man, you're getting me all confused now. :)

    I think we will retest 834 before making any attempt to reverse course. A double-bottom looks quite possible, but what the hell took so long? Moreover, the price difference between the peak (1008.50) and the trough (816.75) of this W-formation is a bit large to consider it as a double-bottom.
     
    #48208     Nov 14, 2008
  9. I was as confused as you until I reviewed the time and sales at the 918 area. Then I start to understand.

    834 to 840 is the next critical level ... and I am quite amused that by end of today, my next buy zone is in that area.

    How do they print the tape in a way that enforces such thing? I do not have an answer for that, especially after 2 days of swings taking out all known price levels of support resistance, twice.
     
    #48209     Nov 14, 2008
  10. hpeganz

    hpeganz

    I t would be nice if you could explain the reasoning behind this call. :p

    Thank you!
     
    #48210     Nov 14, 2008
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