ES short term trading 4-22-10


  • 2
  • koolblue
  • 21-Apr-2010 at 6:04 PM
  • Rep: 48.6k
  • Posts: 16k
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update daily
  • 0
  • i1hunter
  • 22-Apr-2010 at 2:26 PM
  • Rep: 1,730
  • Posts: 268
don't say that. I'm long 1201 spt 1199.25 objective 1207.......go, go, go lol
  • 0
  • ak1
  • 22-Apr-2010 at 2:26 PM
  • Rep: 858
  • Posts: 740
OK here is a measure of strength of DOW and SP. Take the open of DOW and divide it by the open of SP. You get a figure around 9.2. That means that the market in unison should move app. 9.2 points in Dow to 1 pt in SP. Anything else is disparity
  • 0
  • koolblue
  • 22-Apr-2010 at 2:30 PM
  • Rep: 48.6k
  • Posts: 16k
Amazing strenghth (triangle d wave?) .. they surely want to test the 1204 high.. stopped out for a small loss
  • 0
  • ak1
  • 22-Apr-2010 at 2:33 PM
  • Rep: 858
  • Posts: 740
Wake up Dow lets go to the moon
  • 1
  • BruceM
  • 22-Apr-2010 at 2:35 PM
  • Rep: 216k
  • Posts: 19.9k
I use a measure of 8 for this concept...now dow up 7 points but S&P up 2.25 so SP is leading as YM should be up 16 or more points. we can use the swing highs and lows too but I get your point...I just want to know how you are using it for entries....did you post your long entry today? I'll have to scroll back to find it so I can hopefully ask a good question ..es banging on O/N highs but not YM...so there is another way....but more important we need to make money!!!
Originally posted by ak1

OK here is a measure of strength of DOW and SP. Take the open of DOW and divide it by the open of SP. You get a figure around 9.2. That means that the market in unison should move app. 9.2 points in Dow to 1 pt in SP. Anything else is disparity
  • 0
  • i1hunter
  • 22-Apr-2010 at 2:36 PM
  • Rep: 1,730
  • Posts: 268
You right about 1204.50. take 1/2 there let the rest ride. Stp at B.E now
  • 1
  • koolblue
  • 22-Apr-2010 at 2:40 PM
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623
  • -3
  • ak1
  • 22-Apr-2010 at 2:42 PM
  • Rep: 858
  • Posts: 740
Lets settle this score at 10 then everone makes equal money so choose one Dow or SP
  • 0
  • BruceM
  • 22-Apr-2010 at 2:46 PM
  • Rep: 216k
  • Posts: 19.9k
nuff said then Ak1 ..u r saying that one will pull the other up or down with it.....I think that is true some days and some days the divergence gets resolved by the weaker one....

Today u r saying that the ES is pulling YM higher is that correct?
  • 0
  • koolblue
  • 22-Apr-2010 at 2:52 PM
  • Rep: 48.6k
  • Posts: 16k
Not sure i understand what you're saying either AK!.. COVERED ONE AT 1201.00... plus 2 handles there
  • 0
  • redsixspeed
  • 23-Apr-2010 at 12:56 PM
  • Rep: 4,111
  • Posts: 1,711
Originally posted by redsixspeed

1213.00 on the radar..
..



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SPX hit 1213.42 and we have stalled
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