ES Journal - 2012

[chaykapwr]

Quote from Trvlwanderer:

with all the lower highs and lower lows on the 5?

Watchya thinkin chay?

First like i said there is major resistance 1305-1310 so i would not take this long, nor is it in my system, i am just aware of it.

it just looks like that was a minor pullback in the next run up. This type of pullback is veyr common before new highs are made.


Edit: If it were not at resistance right now, i would say long is the only direction. But I would like to see a sell of first. ..obviously

 

[bigsnack]

L 6.25's, Stop 5.75's

 

[Trvlwanderer]

Quote from Trvlwanderer:

short 06.75
tgt 03.75
stop 10

adding 6.75
stop at 8.75

 

[JoshDance]

Quote from JoshDance:

stop 07.75

out -0.75

 

[bigsnack]

Quote from bigsnack:

L 6.25's, Stop 5.75's

stop to b/e, target 12 evens.

 

[Trvlwanderer]

financials seem to be the carnival cruise line of the day.

 

[Trvlwanderer]

Quote from Trvlwanderer:

adding 6.75
stop at 8.75

out

 

[chaykapwr]

Quote from Trvlwanderer:

with all the lower highs and lower lows on the 5?

Watchya thinkin chay?

Thats what i was thinking. I would be starting to reduce here, and on the break of a new high. then hold the rest for homerun

 

[tenthousandmen]

Long ES 1307

 

[JoshDance]

One idea is that we get all of this slow crawl because what long term trader looks at this chart:

http://screencast.com/t/A1y3pUSY8dRV

and says, yeah, I'll short this?

May not see serious selling until spx 1340s