ES Journal - 2012

[JoshDance]

I don't like the 10/27 SPX high of 92.66 getting broken down here, even if it's just a little, but still looking to buy.

 

[lucky lucille]

Quote from JoshDance:

want to bid 85.50, but will wait to see what happens when it tests down. would expect one more push, maybe to 83.50 as it's prior high on ES.

What day ES HOD 83.50

 

[lucky lucille]

Quote from lucky lucille:

ES87.75S

cover 86

ES1286L

 

[lucky lucille]

Quote from lucky lucille:

cover 86

ES1286L

cover 86.25

 

[lucky lucille]

ES86S

anyone else getting in on this action?

you want movement here it is!...inflexion points!

 

[JoshDance]

They are not in as much hurry to get it back above 87 as I would hope they would be, if this move down was simply a precursor to a move up. As it stands there is too much acceptance below 87. Will consider a buy but they need to do something with it soon, or both time and volume will validate this move down IMO.

 

[lucky lucille]

Quote from lucky lucille:

cover 86

ES1286L

cover 86.50

Bought 86.50

 

[lucky lucille]

everyone is waiting for everyone else to make a move.

 

[bigsnack]

Quote from lucky lucille:

everyone is waiting for everyone else to make a move.

Indeed. You go first!

 

[lucky lucille]

Quote from bigsnack:

Indeed. You go first!

i did! L86.50