ES Journal Archive (2006 - 2008)

atticus · Jul 23, 2007

Quote from wareco:

Is that 1570 or 1560, Risk?

1560, thanks.

2006 · Jul 23, 2007

Took 1/2 off @ 51.75. Rather be safe then sorry.

Quote from 2006:

Short 54.50 ~ Sold some ATM ES calls as well.

JimmyJam · Jul 23, 2007

A lot of Shorts being put on while the market is still in a defined uptrend, the internals are bullish, the indices are all in the green and while the bankers aren't following suit, they aren't holding the train back either.

Aside from the guys who don't play direction (and who even don't mind seeing a trade run against them because they're hedged), I'd say the better play today is (to continue) to buy the dip.

It kinda makes me think our dialogue this weekend was for naught.

JJ

saxon22 · Jul 23, 2007

17 points total for the day. Ciao!

wave · Jul 23, 2007

Yes, espresso time.

apex82 · Jul 23, 2007

Quote from JimmyJam:

A lot of Shorts being put on while the market is still in a defined uptrend, the internals are bullish, the indices are all in the green and while the bankers aren't following suit, they aren't holding the train back either.

Aside from the guys who don't play direction (and who even don't mind seeing a trade run against them because they're hedged), I'd say the better play today is (to continue) to buy the dip.

It kinda makes me think our dialogue this weekend was for naught.

JJ

buying the market here is a lower probability and requires more risk... I dont want to trade like an amateur just because the trend is up...

2006 · Jul 23, 2007

Was that an internet bitch slap?

P.S will be taking some more off @ ~ 49.50.

P.S unloaded some more @ 49.50 $$$ CHA CHINGO $$$

P.S.S last unit waiting to be eaten @ ~ 1546. Come and get it !!

wave · Jul 23, 2007

If your buying, this would be your place. Longs dipping into the cookie jar here. How many cookies will they eat is the question?
Maybe 5 or 6? You gotta know when to dip into the long or short cookie jar otherwise you get your hand slapped.

apex82 · Jul 23, 2007

Quote from apex82:

moving first target up a bit to 1546.50

second target is 1531

taking first target here at 1548.50

+6.5

JimmyJam · Jul 23, 2007

Quote from apex82:

buying the market here is a lower probability and requires more risk... I dont want to trade like an amateur just because the trend is up...

Nope.

Buying "here", with here being 1548-1550, represents a prety solid buying opportunity, seeing as how the last buy signal was generated in this area, this price level will need to be held for the uptrend to "get in gear".

JJ