ES Journal - 2012

Status
Not open for further replies.
Quote from creekboy:

ying and yang think 69 will be reversal zone -
More...

You think we trade that low today?

I think I`ll take an exit at 80 or 80,50 regardless if it is a retrace or not.

Personally, I think we slide down at least to mid 70s.
 
Quote from volente_00:

where did you learn that 50% trick from ?


:)



downside 77 upside 1304



I think we get a big squeeze somewhere between 77 and 82

perhaps run the stops below before they do it
More...

yep.....hit those stops!!
 
81,50 can be resistance still, but it looks to me like the sell-off is done.

EDIT: Prior LOD at 81,50 nice resistance there. Think I need to see us trade back up above there and find support before considering a long.
 
I believe right now the market is "training" c/t traders to fade the 2-3pt breakdowns. This will set them up for a flush of 7-10+ pts straight on one of these b/d's.
 
---the 81.50 level gave me a 96 or 69 depending if it was above or below at the 1:38 est --we were below -so my best guess is we see 69 -most likely hit there for a fast hop to the down 30 for the day level -






Quote from Laissez Faire:

You think we trade that low today?

I think I`ll take an exit at 80 or 80,50 regardless if it is a retrace or not.

Personally, I think we slide down at least to mid 70s.
More...
 
Looks to me like they`re postponing the inevitable again.

Long with a 3 tick stop at 78,50? May work, but not interested.

Hell, maybe I`ll enter short. I just imagine that the down side is limited from here.
 
Status
Not open for further replies.
Back
Top