ES Journal - 2012

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Quote from Pekelo:

I wrote this in 2008:

Quote from Pekelo:

One of the best short entries is around 11:30 or so when the Williams hits zero. If you can catch that, just stay short for the whole day, or at least until 3:30.

Quite often the SDD ends at the LOD, but that is not always the case. Decent profits can be taken around 3:30 pm. If the LOD is at the close, as an afterplay you can go long overnight, there is almost always a decent upgap in this case.
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Thanks for posting.
 
50% retracement for the day here for a nice bounce.

I`m not sure of the exact pattern, but I do believe that as long as these two swing highs hold, there is a good chance of seeing 39 today.

Could be going sideways for a while and make a new push towards 57 before finally turning though.
 
Seeing how well the 50% level is respected, clearly demonstrates that this is a technical market.

However, I do think we`re only postponing the inevitable here. The probability of a slide is higher than that of a bounce.

Still, it`s a matter probabilities and there are no certainties ever.

But if I were to bet, I would bet on lower.

Any other takers for today?

:)
 
Quote from Laissez Faire:

Seeing how well the 50% level is respected, clearly demonstrates that this is a technical market.

However, I do think we`re only postponing the inevitable here. The probability of a slide is higher than that of a bounce.

Still, it`s a matter probabilities and there are no certainties ever.

But if I were to bet, I would bet on lower.

Any other takers for today?

:)
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Wasn't your screen shot of a position of 5 contracts with a 1/2 point stop?
 
Quote from Laissez Faire:

Seeing how well the 50% level is respected, clearly demonstrates that this is a technical market.

However, I do think we`re only postponing the inevitable here. The probability of a slide is higher than that of a bounce.

Still, it`s a matter probabilities and there are no certainties ever.

But if I were to bet, I would bet on lower.

Any other takers for today?

:)
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Lower lower.. Why take risk when you can wait last week of December to buy.
 
Now that the 50% level broke, we should be seeing a test of the day lows.

And when we do, there is not much of a chance that it will hold.

Current range is 10 points. Well below the current average.

And that among other things, gives me 39 as a target for the day.

See my logic? :)
 
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