ES Journal Archive (2006 - 2008)

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Quote from apex82:

looking at 842-843 for a possible short as well on er2 for a 20 point decline or so
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short from 843-843.50

looking for 839.50-840 for first target

stop1 tick above the highs...

most likely a bounce here at 841.20-.30 if your a scalper
 
Quote from mbusch:

Forgive me for thinking alound, but wouldn't a double top at 1533 look really nice?
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I was right. It DOES look nice! :)

At least I hope it's a double top, because I'm short at 1533.00.

The YM looks like a nice symmetrical double top, too, although the NQ and ER don't.

Whaddya think, Apex? You're heavily into symmetry, aren't you?
 
Quote from mbusch:

I was right. It DOES look nice! :)

At least I hope it's a double top, because I'm short at 1533.00.

The YM looks like a nice symmetrical double top, too, although the NQ and ER don't.

Whaddya think, Apex? You're heavily into symmetry, aren't you?
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yep looks nice you also got the er2 move working with it. I just want my dang price so I can get in and feel confident about the trade with minimal risk.

Youll know you got it if it breaks 1529.50. Until then they are going to make a run for ya
 
omg! We called the top of 2007. We'll be famous, have newletters, CNBC interviews, hedgies calling for our tips, and maybe even a role next to Michael Douglas in the remake of Wall Street movie.
 
Currently Short, looking for a nice drop, YM and NQ also showing strong bearish divergence.

So long as yesterday's highs hold, I'm confident of the trade.

JJ
 

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Our friend Oscar (who went short in the Globex at 1528.50) just lowered his protective stop to 1532 and almost instantly got stopped out for a 3.5-point loss. This might have been the last obstacle to a nice playable decline. :eek:
 
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