ES Journal - 2012

[Laissez Faire]

It has happened before.

I think 60-62 is inevitable, although this pausing here makes me nervous. I think they are just postponing it though.

The question is if that would be a bottom or we can go even lower? :eek:

 

[pkts]

I'll take one off if we hit 62 again. But it's a swing trade so I'm looking for at least 100 points. So if I'm wrong, at least the risk reward was decent. I'd prefer 1420 before 1262 though

 

[Laissez Faire]

Mini IHS there. Maybe this is it?

Last line of resistance at 69-70, IMO.

 

[Laissez Faire]

Quote from pkts:

I'll take one off if we hit 62 again. But it's a swing trade so I'm looking for at least 100 points. So if I'm wrong, at least the risk reward was decent. I'd prefer 1420 before 1262 though

Well, if you get that from here, it is one hell of a trade!

I`m not good at long-term predictions, but I am looking at an open gap 46,50 and 39,75. I think we may trade down there before we can find a bottom.

 

[Laissez Faire]

Short 69. Stop @ 70,50. Target 62.

 

[Laissez Faire]

Quote from Laissez Faire:

Short 69. Stop @ 70,50. Target 62.

Stop @ B/E.

We may make one last push up vicinity my stop before lower, but I feel less confident about that happening. I`ll rather re-enter.

 

[Picaso]

Quote from Laissez Faire:

Short 69. Stop @ 70,50. Target 62.

Go get'em!

 

[Laissez Faire]

Double top to the tick.

 

[Laissez Faire]

Hello Picaso!

Needs to break 66 hard and fast now for a real slide down to 62.

If that does not hold, unlock the flood gates.

 

[Frank Furter]

I calculate different levels based off of daily, weekly, etc ... that have a high probablility of being touched and possibly forming support / resistance based on the reaction to that level.

54.25 is a level that has yearly significance imo ...

Quote from Laissez Faire:

Needs to clear 62 first, which we very well may.

What`s the significance of 54,25? I got 54 as support, but only minor.