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    Ewj: elliott wave

    same analysis as you... critical times would love to get down below those august lows to load up a long position to hold for the last wave of this bull market.
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    ES Journal Archive (2006 - 2008)

    \ unloading most longs here from 1531 at 1535 keeping a few as runners just in case
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    ES Journal Archive (2006 - 2008)

    if we break 1524 expect another 100+ point decline..... 60min chart going to lead this baby way way down... closing out any longs on a bounce up to 1535-1538 area and closing entire stock portfolio on a break of 1522-1524
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    ES Journal Archive (2006 - 2008)

    \ I have to agree..... but take a gander at the 60min chart.... nasty looks like we got the db in so most likely keep pushing higher and start picking up some momentum....
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    ES Journal Archive (2006 - 2008)

    needs to put in a DB here.....
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    ES Journal Archive (2006 - 2008)

    I see the opposite... market is not exhibiting trending day behaviour making me nervous on my longs... very critical point on the daily chart for longer term direction. Thats why I have a trading plan.. I would be doomed trading by my emotions.
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    ES Journal Archive (2006 - 2008)

    taking some off here at 1535-1536 leaving runners though price action does not have me as convinced as I was before the open...
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    ES Journal Archive (2006 - 2008)

    on your first entry signal to the long side today make sure to hold a piece for an extended winner..... Looking to add more long in the 1531 area and hold for most of the day. first long will be in the 1534-1532
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    ES Journal Archive (2006 - 2008)

    Not buying the index's just yet... just arranging a portfolio of stocks all long. The crux resistant point is in the 1533-1538 area. Probability of a retest or new lows from that area. After that area is used up as resistance then I will be buying the index futures. I havent been posting...
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    ES Journal Archive (2006 - 2008)

    Time to start looking long... arranging portfolio for a retest of all time highs
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    ES Journal Archive (2006 - 2008)

    Stops are in place. After reviewing the other indices my bias is now changing to bullish if they can take out 1534-1536. The russel looks very strong and the nq is impulsing to the upside. So when I am done shorting it must be time to go down :) Anyways, my posts all day were nervous. I...
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    ES Journal Archive (2006 - 2008)

    If they close it here at the highs I will be placing a stop at 1534-1536 area for my entire short position... cant always get what ya want..
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    ES Journal Archive (2006 - 2008)

    ya but the POS doesnt feel right... aggravating market. Feels like they got me cornered... placing tight stops on additional shorts above prior pivot highs..
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    ES Journal Archive (2006 - 2008)

    Here ya go...
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    ES Journal Archive (2006 - 2008)

    see if we can close near the lows now..... com on
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    ES Journal Archive (2006 - 2008)

    yep you have your confirmation now..... :)
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    ES Journal Archive (2006 - 2008)

    looks like a buy to me..... I wouldnt be selling that top until you get some confirmation.
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    ES Journal Archive (2006 - 2008)

    ya.. not making any trades off it just bored watching my pnl... We have been holding above the 30min high all day which you have to give some credit for the afternoon session. I am a hardcore bear but gettin nervous especially because we couldnt take out 1520.... that is major. If they hold...
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    ES Journal Archive (2006 - 2008)

    Good battle going on... this POS needs to close near its lows or I will be getting nervous about being short.... Seems like a move up here... a lot of time has passed and more and more stops accumulating above the market...
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    ES Journal Archive (2006 - 2008)

    nice!
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