ES Journal - 2012

[keeptradin']

Quote from Macho:

BTW,wouldn't be surprised to see ES under 1350 this afternoon.

ZB up, 6E and 6CM have both rolled over.

I'm with you, Macho!

 

[keeptradin']

Quote from keeptradin':

Short ES @ 58.

Will be lookin' to cover ES short ~ 51.75.

 

[mastacoli71]

Quote from mastacoli71:

reduce 56.5, avg 54.25

reduce 54.25, avg 54.25

 

[keeptradin']

Quote from ammo:

s/r increases odds of being right

Classic S/R today...kudos ammo!!

 

[keeptradin']

Quote from mastacoli71:

reduce 54.25, avg 54.25

Way to hang, Masta!!

 

[keeptradin']

We have reached a "decision point" if you will.

Watch the 54 level...

 

[ammo]

es mini ihns

 

[RangeTrader]

What "decision point"? The market hit R1 Daily and S2 Weekly and has been selling ever since. Enough said.

For me to be bullish at all early next week the daily close today has to be above 1357.50, or we have to be at new lows...

Don't be hasty in buying in what is going to be three to six more months of a small bear market...

 

[ammo]

Quote from gmst:

Thanks, I had difficulty believing what you wrote. But then I googled it. It does sound hard to believe in free and efficient markets domain but who knows

I am a convert already. LOL

if you look at their chalkboard in the war room there;s a massive damn with hundreds of dutch boys with thumbs in the dike http://www.cartoonstock.com/directory/f/finger_in_the_dyke.asp

 

[RangeTrader]

Look at the confirmed hourly reversal a couple hours ago... This trend is also solidly confirmed by internals. If your trying to catch a bid into the last hour on Friday on a trend like this your nuts...

The odds are it will end in sudden panic.

There is a little support at 1351 ES right here though. Daily S1.