ES Journal Archive (2006 - 2008)

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.....closed out after the bell at 1557.50
....looking to get long again tomorrow if possible.

.....took a lot of courage to go long at 1544.75 after giving up my long yesterday and then watching almost the whole move pass me by today.....

....appreciate everyone's posts....
respect....
------------------
...after missing the big move....
... with you from 1544.75
 
Quote from Spectre2007:

1560 by the end of the week.
More...

1559 Thursday pm is close enough for me. Consider this forecast met!

My internet was out until noon today!! (going to bag comcast and try verizon dsl). Played a round of golf.
 
so imagine the buying power at work today. someone just kept pressing it. basically what happens is someone comes in with a large order for buying contracts, the initial sellers, get cornered since those contracts get taken out of the market. That large buyer doesn't participate in the cap recycling minute to minute. Those initial sellers will look to that initial buyer to let them out at a modest loss but instead that buyer never lets em out.

the initial batch of sellers have to pay up to get out of the market, then another batch of sellers get cornered and viola, it gets repeated throughout, till there are no sellers left, and the last stragglers have to pay up on the close to exit on margin call.

very impressive, and thus a very low risk trade today, once you recognized what was happening.
 
Quote from Jaxon:

1559 Thursday pm is close enough for me. Consider this forecast met!

My internet was out until noon today!! (going to bag comcast and try verizon dsl). Played a round of golf.
More...

My comcast was down all day today too, no cable or internet :(. I wonder if this was a system wide failure.
 
Looks like an impressive day for the board. I finished jury duty (no trial) big waste of time, did make some big money but got out of the last of my longs at 1539 and 1544 with limits I placed since I couldn't watch (wish I could have had some trailing stops...oh well) and wasn't able to buy back in either.

Anyone going short here into tomorrow's formal retail announcement? I got short (half position) in after hours. Still bullish through earnings season.

S 1556.25
TP 1549.25
SP 1559.25
 
At 08:00 am EDT in pre-market
S 1558.00
BS 1559.50 (1.5 points)
PT 1554.50 (3.5 points)

At 08:50 am EDT
moved BS to breakeven
(not real comfortable being short today)

At 08:55 am EDT
moved BS to 1556.75 (+1.25 points)

At 08:56 am EDT
Stopped out at 1556.75 for +1.25 points

Will stick to longs today until further notice.
 
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