15 replies to this topic

[NAV]

Since most of the tactical stuff is done overnight, the best way to beat the monkeys in their own game is by using the 24 hour ES chart. For those trading the cash based ETFs, it's always a disadvantage and requires a little bit of anticipation of the cash market moves, which is the only way to catch moves like today. Otherwise the gap-ups or gap-downs finish a big chunk of the move, for those waiting for confirmation from the cash SPX charts. The last couple of months the stock market can only be charaterized as purely random gyrations with a broad downtrend. Momentum Oscillators are king in this type of market. There is very little trending behviour, very little interest from instituitions to participate in this market. So the short term players keep pushing the market from one momentum extreme to another. Terry would ask, - What do you do after a "T" expires ? Well, you gyrate mindlessly. 100% Oscillator driven market. Talking about the Oscillator driven markets and trending markets, i just finished a project on Commodities/Forex trading vs Stocks. It's amazing how different the stock markets are from commodities/forex. I will write more about it on the weekend. Also, i need to update on the Weekly and Monthly sell on SPX. Too little time.....too many things going on. Hopefully i will update my blog this weekend with all this stuff.

[arbman]

Take a look at the Treasury bonds as well, very deep liquidity and persistent moves once it starts...

[NAV]

Take a look at the Treasury bonds as well, very deep liquidity and persistent moves once it starts...

Treasuries/Currencies/Commodities all behave pretty much the same.

[NAV]

ES 24 hour chart just issued a SELL at ES 1078. Night monkeys are preparing for a gap-down tommorow. Stop for this signal 1083.

[thespookyone]

"The last couple of months the stock market can only be charaterized as purely random gyrations with a broad downtrend." ABC-X-ABC Not that random. It's more random and painful for those using impulsive counts. "It's amazing how different the stock markets are from commodities/forex." SOOO true. As a 25 year old commodities trader that was just killing it, I moved to daytrading stocks at 28 years old, thought I was leaving college for a relaxing time in playschool-boy did I find out!

Edited by thespookyone, 01 September 2010 - 10:19 PM.

[NAV]

ABC-X-ABC

That's as random as it gets Jus kidding

[vitaminm]

es......slight ...S@1077.....next...1074-71

[arbman]

Funny, I also thought ABC-X-ABC since it is the only complex pattern I know in e-waves, hah hah!

[SemiBizz]

Excerpt from Tonight/Tomorrow's ES Forecast:

Now we did push the high on ES at the close, but we suspect after looking at the chart we will see 1077 at some point, and if we can get back under 1077, 1068 will be the short term support

[NAV]

Excerpt from Tonight/Tomorrow's ES Forecast:

Now we did push the high on ES at the close, but we suspect after looking at the chart we will see 1077 at some point, and if we can get back under 1077, 1068 will be the short term support

First support on ES is around 1063 on the hourly charts. Below that 1050 is the next support.

Edited by NAV, 01 September 2010 - 11:28 PM.