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  1. T

    ES Journal Archive (2009 - 2010)

    adding to my short position here at ~801 ES... tight stop on the new position
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    ES Journal Archive (2009 - 2010)

    Just a side comment... Shorting 796, 1.5 point stop... 792 target ...then the market can continue to go up if it wants ...ughh, no fill... ...theres the fill... stop 797... target 792
  3. T

    ES Journal Archive (2009 - 2010)

    Watch 800-803 level for a nice R/R short down to the mid 700's
  4. T

    ES Journal Archive (2009 - 2010)

    Covered the first third of my short already...stops at break-even and same targets on the rest. 765 should come within a day or two and we may get a little bit of a bounce there. Holding last 1/3 til ~750 ES where I'll look to add some long exposure again with a small stop (I'm actually still...
  5. T

    ES Journal Archive (2009 - 2010)

    Nice to see you're still around, if only just lurking princessa... I may have come across a little strong, but its just a case of the "I'm making alot of money this is so easy, you're all stupid" syndrome which I know we've all had. I've made the same mistakes before and I know where they...
  6. T

    ES Journal Archive (2009 - 2010)

    This tape is a beatiful thing :) Up huge in FAZ since getting short this market last Thursday. I don't understand a couple of you here. You fight the tape by shorting the whole way up over the past couple weeks, and when you're finally right and the market is swan diving, you're scalping...
  7. T

    ES Journal Archive (2009 - 2010)

    If they don't take it down from here, watch the 823-826 area as a chance to get short for several days with a small stop... excellent risk/reward.
  8. T

    ES Journal Archive (2009 - 2010)

    I like what I see so far. ES really needs to crack through 823 though... otherwise they have a good chance of rallying for the rest of the day and I'll get stopped out of my shorts.
  9. T

    ES Journal Archive (2009 - 2010)

    Not the highest rated wedge ever, but the general idea that the selloffs became smaller while still overlapping the previous is there. Some divergence on a couple different timeframes helps too.
  10. T

    ES Journal Archive (2009 - 2010)

    Since the pattern I'm attempting to play here is a wedge (assuming it continues), by the time real selling momentum shows up its usually too late for a halfway decent entry. When wedges break to the downside its a pretty hard and fast selloff. Thats why I like them... no need to endure huge...
  11. T

    ES Journal Archive (2009 - 2010)

    Taking off almost all the rest of my long position here at ~820 ES The short side is looking good. I'm going to look to get short when ES touches 830-835 with a small stop. I wanted to hold out for 860, but the wedge chart pattern here has some good potential. I'll take a little off at...
  12. T

    ES Journal Archive (2009 - 2010)

    Just to clarify, when I'm saying "rollover" and "selloff" I'm staying within my longer term bullish bias (I think we go to 850+) but saying we'll sell off to the 720 area. This is just a hedge trade. When you say you're not bearish, do you mean just not for today or that you think this rally...
  13. T

    ES Journal Archive (2009 - 2010)

    Yup. Definitely don't overthink it though, the sell-off should be coming soon. This has been one hell of an impulsing rally, so even when it looks like its obviously going to roll over we'll get another push up. I actually wouldn't be surprised to see one more high briefly made before a sharp...
  14. T

    ES Journal Archive (2009 - 2010)

    Although it may be a little ambitious on the timeframe, I like the call. A morning retest of the low-mid 760. If we get a reversal there, first target 730 is a lock... i expect cascading selling world is gonna end type shit... could happen same day, could take a couple... looking for it to...
  15. T

    ES Journal Archive (2009 - 2010)

    The only zone worth shorting. Let's see how far they let it fall. I'll actually be looking to short a retest up to the mid 760s tomorrow if we get one as a hedge
  16. T

    ES Journal Archive (2009 - 2010)

    :p I said its possible, not probable. I'm already long, no need to go crazy when there is never a sure-thing.... but sure, what the hell, do you accept paypal? :D Thanks for the heads up volente. Do you mean that 850 would be more probable if the ITM 850 puts have a large OI or if lower...
  17. T

    ES Journal Archive (2009 - 2010)

    I don't think its probable in 6 days either. I definitely wouldn't rule it out though. Look at the rate (price vs time) in which bear market rallies moved in the 2000-2003 period compared to the overall rate of the bear market. If you consider the rate at which this current bear market has...
  18. T

    ES Journal Archive (2009 - 2010)

    check out the open interest on those 85.00 march spy calls. I don't read into this stuff too much (since I've never done much analysis of it), but that's my main target.
  19. T

    ES Journal Archive (2009 - 2010)

    Profit target #1 hit. Updated chart attached with the other zones. We should hit some resistance in the low-mid 770's before going to target #2, but I'm going to try and game it.
  20. T

    Does small business contribute to US economy ?

    Take a ride on I-95 (aka the brain-belt) in Massachusetts and you'll see tons of examples of small to medium sized tech companies that produce things of 'value'. There are dozens of medical device companies, several robotics companies, software companies, IT/networking hardware companies...
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