ES Journal - 2012

DanS · May 17, 2012

Horrible timing again.

mastacoli71 · May 17, 2012

well i guess the PPT is all out of bullets. reality is setting in.

creekboy · May 17, 2012

big range dan -98 to 33 -lots of death traps - i wonder how range trader is doing with his 24 long position

tomahawk · May 17, 2012

Quote from DanS:

Long at 16.50

Good entry IMO. But now I think classic TA would say reverse immediately and cover near your original stop or better.

sttrader · May 17, 2012

Next support coming in at around 1305-7. Haven't seen much fear selling but more calculated selling past week.

keeptradin' · May 17, 2012

Quote from keeptradin':

Covered short @ 18.50, B/E.

Dang, I need to start walking away from the compudah once I enter a trade!! :eek:

mastacoli71 · May 17, 2012

Quote from keeptradin':

Dang, I need to start walking away from the compudah once I enter a trade!! :eek:

lol. i need to stop rolling down these calls :mad:

trickshot · May 17, 2012

Quote from sttrader:

Next support coming in at around 1305-7. Haven't seen much fear selling but more calculated selling past week.

I see SPX 1293 as next significant support after 1340 was broken and retested. Imo no fear selling is bad news for bulls cos it means no capitulation...

tortoise · May 17, 2012

10-yr Treasury yields now approaching all-time lows. Unless one thinks the world is really going to hell TODAY, it's hard to imagine more downside for equities...UNLESS it's an orchestrated flush followed by the mother of all snapbacks.

But what do I know?

tortoise · May 17, 2012

Quote from sttrader:

Next support coming in at around 1305-7. Haven't seen much fear selling but more calculated selling past week.

exactly. one of two things comes to mind:

1) it's a mindf$#k to scare weak longs

2) "somebody" knows something, and it's a really, really bad thing