ES Journal Archive (2009 - 2010)

I would expect muted upside and furter pullback into open and 10:00 am numbers.

Have 940-41 as shortable level should pop occur. Will not short pop post 10 am without larger timeframes firing.

 

http://www.charthub.com/png.php?png=2009/01/05/es_mp_rth.png

Gap close near multiday POC.

Edit: plus PP 927.25

 

Naturally we are looking for retracement after seven up days in a row, but we also need to be patient, it is better to look into the intraday chart and follow a mini trend. Breaking the triangle in this chart should give us a clue.

 

renewed extreme buying again.

 

That can imply the upside part must be painted first.

If so, a run of 20 pts up from the POC is not out of the question.

 

good entry now?

 

The shocking event is in - housing # way worse than expected.

Enough to start the drop now?

 

buy 936

 

Pekelo, we all use our own PA/indicators to determine when the market is getting weak... I would take the same setup any day of the week.

Looking to short NQ on a retrace to 81-83 if we can get that. :edit: scratch that, no retrace is shortable anymore... yet

 

average in 932




buy 936