ES Journal Archive (2006 - 2008)

Interesting. Thanks for explaining yourself. I'll take a look at it. TY.

 

The daily chart suddenly started to look bearish, even with this late afternoon rally. We finally closed below the SMA line and it looks like we just had an SMA bounce from below, which would indicate more down....

 

Have an upside price projection of 888, if you can believe it. Grabbing a long at 72 with a stop under 67, minimum target is 81, will evaluate there.

 

Thanks for sharing the info.

Can you define "price wind"?

 

Btw, everyone's trading the March 09 contracts right? Have you all switched last thursday or last friday?

 

Probably, although the difference is so small between the contracts that it doesn't cause missunderstanding. We have a backwardation in ES just like in gold and oil!

In unreleated news, I have a target for next year's low. It is around 600. I have been thinking of this number for a few days now and John Maulding got the same target, so I guess I will stick to it...

 

Yes.
And, the low most likely made in Jan/Feb

 

I expect a high in mid-January...

 

2009 high?

52-week high?