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Market Breaks Ascending Channel On Volume Spike
The ascending channel in the ES has now been broken, with barely notable volume - just kidding. With volume spiking (remember market algo 101: volume low, buy; volume high, sell) today is not looking good for the bulls.
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Drinks anyone?
Your endless and excessive use of acronyms is driving us all nuts. WTF is ES?
S&P emini futures
would a front slash help? /ES
Is that end sarcasm?
Just messing with ya.. :-)
Obviously you don't trade futures.
ES = emini S&P 500 futures contract.
The use of acronyms may be driving you nuts, however most of us do know what that means.
If you don't know what something means just say so.
Don't use your frustration / ignorance as an excuse to bash the author.
WTF are you doing on this board if you don't know what ES is? Get back to Yahoo, little boy.
elitist traders. the top is in.
The top has been in for what...going on about 9 months now? I understand the bottom could drop out at any moment, but the PTB will decide just when that moment is.
Now let's play nice boys...Besides, what better site is there to learn than ZH? I've personally taken in more information in a few months reading ZH & the comments than spending months anywhere else...
Now let's play nice boys...Besides, what better site is there to learn than ZH? I've personally taken in more information in a few months reading ZH & the comments than spending months anywhere else...
Send a 6-pack to the traders of JPM.
Another job well done guys !
Serious question: is there an accurate link to the treasury auction schedule so that I can determine when these events will be allowed to happen and when we will turn around again?
OT: CAPTCHA - square root of 38? can't be longer than 3 chars? really?
The Perfect Storm is slowly developing but certainty that we'll see an event like no other.
Well that clears things up.
channel dosn't come in until 1090.. which turns the RSI sell signal off as well.. watch for a short term bounce there
TD...can you throw up fib levels on that bloomberg droid? if yes, might be helpful to some of us cuz you know the algos got old mr. fibonacci programmed. thx!
on the spx, we have busted back through the 60 min 50% fib at 1097.59.... 38.2 at 1085 and change. i don't have charts with fibs on the ES.
If you ever need a chart let me know.
thx shanky!
"Hey." said BS Bernanke with a blank stare. "Hey." said Hank Paulson with an equally moronic look. "Want to play with me?" asked BS. "Sure." said Hank. "What do you want to play?" "Well, do you have any gold or paper?" "Yes back at my house. I have all of AmerCIA's gold and paper there." "Good, get it, then bring it over to my house." BS did just that. "Lets play, "Throw paper and gold into the furnace and see what happens." "Okay!" BS was excited. Usually the other boys did not like to play with him. "Okay, you throw the paper in the furnace and I will throw the gold, and then whoever has the most at the end wins. Go!" Ben worked hard to pick up as much paper as possible, but his tiny hands could only grasp so much. Hank was having an easier time, but was not putting much in at a time. "You are going to lose!" said BS. "Easy does it. You have a lot of paper to go." They were there all night, until Hank's mom called them in for supper. "After dinner, we will go back out and see who has the most left." At dinner Hank yelled at his mom to not touch is ninja turtles on his bed any more. "Those are mine, and I want them a certain way." "OK Henry, I understand."
Once dinner was over, both boys went back outside to inspect the furnace. "There is nothing in there!" exclaimed BS. "Who is that!" Hank exclaimed as he pointed up towards the moon. "I don't know said BS, squinting his eyes. BS turned around. Hank was not there. He walked up to the house, but the door was locked. From the next story a window opened, and Hank shouted out. "BS, I will see you later. My mom said you have to go home." BS had been duped. When he got home, his mom and pop were very upset. "You lost all our gold and paper." You would think this episode was traumatic for BS, but he is very masochistic, and likes the abuse.
What a lovely story.
If I may suggest a little background music while reading it.
and some Enzyte mixed with alcohol.
http://www.youtube.com/watch?v=l3Qb0KTEmD4&feature=player_embedded#
you made my day! hahahaha!
More like "drop some acid and watch this!"
This market has got nothing to do with the underlying anymore. It is nothing more than a proxy for the Eur/Jpy. Now that the EUR/JPY free fall since the the highs of yesterday at roughly 03:20,do we expect an end of day ramp up?. And by the way,around the highs of the Eur/Jpy and (highs of Eur/Dxy),the ES was up by 4 points. So I guess companies has changed their earning releases to after midnight?!!
Lennon WTF?
Lennon, capitol! Or is that capital?
Ha ha! I get it! It's someone using an ostensibly clever but ultimately pointless parable to turn a potentially interesting tech analysis observation into YET AFUCKINGNOTHER "gold rooooooolz doellars droooooolz" retard ping pong match. Yay!
edit: although, to be totally honest I was drawn to the author's recounting of Henry Paulson's chastisement of his mom for messing with his TMNT. That was good.
Normally before a large move in equity prices, the previous day shows very small changes via the McCellan Oscillator. However, the indicator doesn't tell you which direction. Is that support at 1080??
Big Deal! Timmy and Bennie and Lloyd will give the PPT instructions at 3 p.m. and crush the shorts - again.
And right on schedule. BAC back over 16.00
Sudden reversal. I wonder if anyone was loading up on SPYs?
Just saw a flash then its gone, that S&P just downgraded the city of Los Angeles credit rating again, Tyler, you gotta go get and post that story if its out there!!!
http://latimesblogs.latimes.com/lanow/2010/02/las-financial-rating-downg...
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