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ES short term trading 4-22-10


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don't say that. I'm long 1201 spt 1199.25 objective 1207.......go, go, go lol
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
Amazing strenghth (triangle d wave?) .. they surely want to test the 1204 high.. stopped out for a small loss
Wake up Dow lets go to the moon
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
You right about 1204.50. take 1/2 there let the rest ride. Stp at B.E now
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623
Lets settle this score at 10 then everone makes equal money so choose one Dow or SP
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?
Not sure i understand what you're saying either AK!.. COVERED ONE AT 1201.00... plus 2 handles there
Originally posted by redsixspeed

1213.00 on the radar..
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SPX hit 1213.42 and we have stalled