ES Journal - 2012

[Laissez Faire]

Stopped.

Still beneath the 50% level, so my bias is still bearish, although I don`t see any good set-ups. Perhaps I should have played with my original stop.

Looking for longs if we take out 75,50 and it acts as support.

If not, may have to see a good break of 73, in order to join the short side.

 

[ammo]

Quote from Macho:

Hey there.

Leave my bonds alone!!

They have been your best silent supporter for weeks.

Have to think they might start to feel a little selling pressure, but not before 155+.

You can now see the influence of Ben's portfolio as ES should be closer to 1250 by now. Stay cool .I figure we will get there, but it is a long way off 1200-1150 where I figured it would be:eek:

are your bonds taking a breather

 

[ammo]

trans looks like an anchor for any possibility of a rally

 

[ammo]

smaller pic bear flag trans

 

[Laissez Faire]

Still double top and resistance here. Easy to get fooled if one does not wait for support, before going long.

Just a 12 point range so far with an equal true range.

Should be good possibillities for a decent swing either up or down from here.

 

[Laissez Faire]

Here comes the squeeze?

Trying to get filled at 76 for a long.

 

[Laissez Faire]

Quote from Laissez Faire:

Here comes the squeeze?

Trying to get filled at 76 for a long.

Cancel that. Wait to see if support first.

 

[mastacoli71]

Quote from mastacoli71:

reduce 74.75, avg long 72.75

flat 76.75, avg long 72.75

 

[Laissez Faire]

Fake breakout? And now a fake breakout below?

Choppy action. Not reading it at all currently.

Any takers?

 

[Laissez Faire]

Should not breach 76 now if we are to make new lows, IMO.

Mini inverse head and shoulder here if we don`t break 72.

AH low at 62 gives us a 20 point range.

EDIT: I`m thinking that a flat open should open the possibillities for a 20+ point range.