ES Journal - 2012

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market has to clear pre election level resistance at 1430, before its considered viable for longs. Till then short plays with variable levels of resistance stops.

resistance:

1365
1382
1400
1420
1430
 
Looking for a decent pull back to buy March 2013, if I get the opportunity to average down below Friday lows at some point this week I will.

Will hold for breach of 2012 highs to be met sometime in the 1st quarter.

Long term play.

Will post details once I get filled, but since the long term play is well, quite long, I decided to post a summary of my intentions before-hand.

Careful shorts, party about to end soon.

EDIT: Below 40 March-13 looks good to me.
 
Quote from nillionaire:

And since the 2010 and 2011 Thanksgiving weeks were negative (2011 was REAL negative), I think chances are pretty good for an up week next week.
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Well, futures are up 8 pts for a start....
 
Quote from iloveoptions:

Out of the last add from 1342.75. Still holding 2 more longs from 1377.5 and 1358.5. Bidding 1352.75 to add again. This market wants to go up, and we should see 1380's before end of week.
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Asking 1376.25 to exit long from 1358.5.
 
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