ES Journal Archive (2011)

90% chance sept hits 1304 min this sometime this week as long as 72-75 holds

 

I am always surprised by the amount of emphasis placed on futures-gaps due to the relative volume in the cash vs. futures markets.

 

92.73% in fact.

 

are you being sarcastic?

 

Actually I use the future's 4 pm close as proxy to the aggregated gap fill of the components.

Make sense now?

 

If we get a top tomorrow, new low will be printed by Friday around 1250s.

That's probably the other 10% scenario, right?

=)

 

This is still valid

friday is day 8

 

Was I being sarcastic last night when I said if 63 holds we will print 80 today ?

 

Unless the bears print a lower low, 1397 is my target for the next higher high

 

What do you consider a LL, taking this weeks lows or taking march lows ?

Thanks

FoN