The Wisdom of Jesse Livermore

From How to Trade In Stocks – By Jesse Livermore: Spikes and One-day Reversals: Livermore was very wary of any aberration in the price or volume of a stock that he was tracking. Sometimes, the price would spike, accompanied by abnormally heavy volume of at least a 50 percent increase over the average daily volume.…

Thurs 10 / Fri 11 Review

Thurs – price moved easily through thin area or “professional gap” mentioned here. It went to days VPOC and then it squeezed hard during aggressive lunch time move. Volume was nothing like Thursday. Prior VPOC support on both days. Fridays High and Low between HVN’s incorporating 2008 data:

ES 2007 Templates

bloomberg At Thursday’s close, the S&P sits about 6 percent below its all-time closing high of 1,565.15, hit in October 2007. The rollover adjusted price is 1519 2007 All: October 2007: Relative to now: October 2007 – The US stock market peaked in October 2007, when the Dow Jones Industrial Average index exceeded 14,000 points.…

Thought of the Day…

50 on Markets “Trading is about skill development and discipline. Unfortunately, too many people think trading is just about making predictions, loading up, and being “the man” by holding stocks … Being a consistently profitable trader is about doing the thousand little things every day – like proper preparation – that impact your P&L.” –…

ES Jan 7th Levels below

ES is at BBR (bollinger band resistance) Bollinger Bands are based on moving averages however it lines up with VWAP 2nd Std Dev for swing low to high. Up-swing was 70 pts. Watching for pullback / measured moves. Levels, (Need to double check these later). Above: 1463.5: Year High Currently near: 1458.75/60 NVPOC 01/04 –…