Search results

Good points JesseJamesFinn. I've been in the markets 20 years and have traded many of the names you've listed. The key really is to ride the bubbles and not fear the valuations. The reality is, yes, these stocks are 'over-valued' and yes, at one point they will reach a state of implosion...

Will see how things are in the 1200-1210 area. Yeah, I did take a loss from 1306, but I think I pick up an easy 60 here on the downside.

Out of longs at 1269, flipped to short. Things do look scary here.

I should comment that I got out a few days ago at 1306. I'm long since then, and I think we head back to 1420 or so. It's been a bumpy ride, but I like this infrequent method of trading.

Getting out long after a roughly 80 point up move since 12/5/12...wasn't an easy ride initially. Goin' short here at 1335. Target 1288-1290 or so.

I see inverse head and shoulders everywhere on daily charts.

long here at 55.25. Target 89. Goin' LONG.

If 919-920 is broken, look out above.

I may be in the minority, but I think we get a small bounce here.

The gap is actually around 1340ish...we're gonna fill that soon, only a matter of time.

Here's S&P fibs... Charts tell us that we closed just below the 38% fib. We'll likely head to the 50% fib (low 1320s sunday pm or monday am). Then, we have a drop to 1305ish. Of course, note the heavy resistance in the mid 138s, and the obvious support down at 125. We're trapped in a...

Well, we're back below the 50 dma. I believe we still have some gaps to fill on the SPY (see circles). We have 1 gap around 1327...that'll get filled on Sunday pm, Monday am, no doubt. But, most notably, we have a gap around March 18th, 2008, which has SPY around 129ish. That...

We've got a gap to fill and the 50 dma within a stone's throw. I see 1330 in the cards.

Why the SMA 9 instead of the SMA 10?

T day crew. We're goin' higher boys. Prepare for departure. Long here with size (1343).

We rallied a bunch today, but I think we see 1348-1350ish, possibly tomorrow, which is a confluence of the 50 dma, tomorrow's R1, and the top of the downsloping line connecting the highs for the past couple months.

This means go long around 1305.25 on ESM8? Or are we headed toward the S1 pivot of 1291?

Since everyone's posting an opinion... I think we retrace to the mid-January lows of 1270, and then have a small reactionary bounce. But after that, I think we're headed further south.

Off topic - I know this is the ES thread. Is the NQ easier to trade than the ES? Just looking at it visually, it seems a lot smoother and more "harmonic" if you will.

I think we'll get a little pop tomorrow. We're ultra-short term oversold. We've got doji's or near-doji's on all 3 indices. I think we'll bounce tmw a bit.