Archives for December 2009

posted 9.20 a.m. Pre-open Monday 7th December ES rallied into the 273/182 time pivot (around 4th December) discussed in the webcast last week. This is a potential turning point in time. Last week’s Value Area was overlapping/higher.  The WkVAL (value area low) was 1096.5 which was tested and rejected p.m. on Friday – ES then […]

posted 9.15 a.m. est Pre-open Friday 4th December On Thursday I marked Responsive Selling (red-at-top) above 1115 for the second time this week and also Aggressive Selling (red-at-bottom). Thursday’s Value Area was overlapping Wednesday’s so this is not yet Effective Selling. Better than expected figures released pre-open have sent ES back above the 1108 poc […]

posted 9.28 a.m. est Pre-open Thursday 3rd December A new high on Wednesday for ES met with Responsive Selling (red-at-top) and we’re into the 273/182dy time pivot discussed in the webcast (a potential turning point in time).  The recent poc emerging over this range is 1108 and this was re-enforced yesterday.  Again, obvious rejection of […]

posted 9.28 a.m. Pre-open Tuesday 1st December You can see more than one day-session gap over recent days in this erratic market.  You’ll also notice they have been filled so maybe yesterday’s will too. Either way I’m not considering short side (see Tuesday’s comments) until I mark Significant Sellers.  My Rydex indicators tell me the […]

webcast – charts to 27th November https://www.chartprofit.com/video/cp__112709_2.html released for subscribers earlier in the week

posted 9.08 a.m. est Pre-open Tuesday 1st December 1106.5 = First Level Resistance.  (10day poc) 1088.5 = First Level Support. (major poc) With Buying (green) as the last imbalance I cannot consider the short side.  ISEE (equity only) index had the lowest reading for four months at 135 and the Rydex Asset ratio (my version) […]