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ES short term trading 7-27-10


All numbers below Mondays low remain the same but on my radar are

1115 - 1116 Value area high of the composite I'm watching - Ideal to sell above there on a gap higher in RTH or in O/N if you dare..
1108- 1109 - peak volume of composite and now todays session

1104.50 _ Ledge but I think they may get that in O/N session

1101 - 1102.50 The breakout point and single prints


We've had two large closing $ticks recently.
Most will look at today as a trend day....I don't, but still like a sell the rally mentality. Third up day in a row..
I think they will want to test 1000 and even down into the mid 80's as per the weekly pivot....Volume lower the last two days as per my I/rt data.. My bias is short for RTH ESPECIALLY if we gap higher. A gap lower will need to wait and sell a first strong rally up with high $ticks.
I also thought that post was out of line. Trade and take responsibility for ones own account is the proper path. I do believe that he thought he was being helpful, so I will just leave it at that. Thanks again for all your posting and help Bruce. RB
Flat at 10.75 on those...just not happening for me..a damn good try...will watch to see if they run them in O/N session
I just want to learn something and I can't be bothered decoding peoples methods or guessing......we asked about the area "Blue " mentioned on yesterdays thread and we didn't get an answer....

Now I don't know if the methods are " top secret" but if they are then this probably wouldn't be the best place to make posts like that

Not trying to be rude but I need to use my mind and eyes on posts that educate me.......so lets get some explainations on posts that don't have them...thanks
Originally posted by rburns

I also thought that post was out of line. Trade and take responsibility for ones own account is the proper path. I do believe that he thought he was being helpful, so I will just leave it at that. Thanks again for all your posting and help Bruce. RB
I agree that the intentions are good....Hey RB, where is T - theory pointing? is he long or short?
Originally posted by rburns

I also thought that post was out of line. Trade and take responsibility for ones own account is the proper path. I do believe that he thought he was being helpful, so I will just leave it at that. Thanks again for all your posting and help Bruce. RB
here was the first Gap and trips trade pic...

Click image for original size
trips
Originally posted by BruceM

I agree that the intentions are good....Hey RB, where is T - theory pointing? is he long or short?
Originally posted by rburns

I also thought that post was out of line. Trade and take responsibility for ones own account is the proper path. I do believe that he thought he was being helpful, so I will just leave it at that. Thanks again for all your posting and help Bruce. RB


Bruce he has been looking for a top of Aug 26 for at least 9 months. His T is collapsing and he is in turn bearish for a coupule of years. I think his target is around 1150,
http://ttheory.typepad.com/files/accumloado20100723pdf-.pdf
Just to clarify 1150 target is for Aug 26
Thanks.....one of my mentors from the late 80's and early 90's is on TV with his own show tonight......Tony Robbins....doesn't matter if you like him or not....I'm sure he'll have a few "choice words" that may inspire you to improve your life or inspire you to take action at improving your life in some way...perhaps it will only motivate you to get going in some new direction....

Reality TV on NBC at 8 PM est....
Funny thing ... after reading this post, I'd planned on watching it. Then I roll over to my girlfriend's place for the evening and the first thing she tells me is that she wants to watch a Tony Robbins show coming on tonight.


Btw, there's a really cool presentation he gave that's on TED online. I'm not much into the self-help books/gurus/arena ... because I'm beyond help. My degree in Psych confirmed that to me. But I really got a kick out of the vid of Tony on the TED site ... he rocked the house. Here's the TED link of the video for anyone interested:

http://www.ted.com/talks/tony_robbins_asks_why_we_do_what_we_do.html

Originally posted by BruceM

Thanks.....one of my mentors from the late 80's and early 90's is on TV with his own show tonight......Tony Robbins....doesn't matter if you like him or not....I'm sure he'll have a few "choice words" that may inspire you to improve your life or inspire you to take action at improving your life in some way...perhaps it will only motivate you to get going in some new direction....

Reality TV on NBC at 8 PM est....