ES Journal - 2013

gmst · May 7, 2013

Quote from atticus:

Short ES 20.50.

is it swing? target?

tortoise · May 7, 2013

It's still early, of course, but I'm surprised by the vigor with which the close is being defended in the aftermarket. We'll see what happens overnight but for now I see another leg up in the offing.

ammo · May 7, 2013

Quote from ammo:

add 21.25, will see what happens next 10 minutes

avg 15.5 ,leaving a 16.5 bid for reduce,theres a nip at 21 on cash,see if it comes down to that equivalent

tortoise · May 7, 2013

Quote from ammo:

avg 15.5 ,leaving a 16.5 bid for reduce,theres a nip at 21 on cash,see if it comes down to that equivalent

That might be the right shoulder of an H&S on the 5-min that measures down to (drum roll) about 1618, which would represent a roughly 4 pt pullback from today's high. Might be the game plan. We'll see...

RXIS · May 7, 2013

Quote from tortoise:

That might be the right shoulder of an H&S on the 5-min that measures down to (drum roll) about 1618, which would represent a roughly 4 pt pullback from today's high. Might be the game plan. We'll see...

ES now at 1618.5.
I jumped out of YM overnight sh from 990. There goes 14970. Had a exits with last one at 12973.

mastacoli71 · May 7, 2013

When this mkt finally decides to fall out of bed and the algos shut off, circuit breakers are going to hit multiple times a day for consecutive days and it will fall fast and far.

+20% since bottom of Nov. Housing mkt doing stupid things again.

gmst · May 7, 2013

Quote from gmst:

Added size @ 20.5

reduced half at 18.

tortoise · May 7, 2013

Quote from mastacoli71:

When this mkt finally decides to fall out of bed and the algos shut off, circuit breakers are going to hit multiple times a day for consecutive days and it will fall fast and far.

+20% since bottom of Nov. Housing mkt doing stupid things again.

When and if that happens, you won't be trading anymore. None of us will be.

Seriously, it's up or bust.

atticus · May 7, 2013

Quote from gmst:

is it swing? target?

No idea, but looking for 12.00 tomorrow.

tortoise · May 7, 2013

Quote from tortoise:

That might be the right shoulder of an H&S on the 5-min that measures down to (drum roll) about 1618, which would represent a roughly 4 pt pullback from today's high. Might be the game plan. We'll see...

Well we got our 1618...roughly 4 pt pullback (3.75, if one wishes to quibble).

Now, upward and tally-ho!

(interesting to see ES and ZB rising in tandem right now. Hmmmm...)