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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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A very nice counter-trend - it was easy to see some big boy was accumulating down there.
Holding last unit till 1537.50 if we ever get there. Trade represented nice risk-reward. Tight stop on last unit.
Even though i expect some downturn to follow tomorrow or next couple of days.
Holding last unit till 1537.50 if we ever get there. Trade represented nice risk-reward. Tight stop on last unit.
Even though i expect some downturn to follow tomorrow or next couple of days.
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Quote from smilingsynic:
I don't think we'll get another retest. We had one at around 2:10 (a so-called Wyckoff spring on high volume).
The action to me looks like accumulation. I would be looking to buy on pullbacks IF Dec hits 1538. If I am wrong and it does not get there, I'm not buying. Not looking to bottom fish, as I already tried that around 1:37 with only marginal success.
(edit)
Yep definitely got out too early but in my previous post I m still looking for a successful test of 1515. Once we get there my bias will change to bullish and I will be trading from the long side.
I'm closing out for the day but basically I have two orders out there, sell at 1539 and buy at 1515 for the next few days. We will see how the market plays out, see who wants to hold over the weekend.
Quote from apex82:
If it gets above 1536 will take some of my position off... look to reenter if the weakness comes. Com on baby... close near the lows.
thanks for posting- was wondering where your stops were.
the ER2 has been a leading indicator today and it's bounced quite a bit off the low. i'm also disappointed that we haven't really been able to muster a good woosh down- been in drips and drabs.
Quote from Mins:
A very nice counter-trend - it was easy to see some big boy was accumulating down there.
Holding last unit till 1537.50 if we ever get there. Trade represented nice risk-reward. Tight stop on last unit.
Even though i expect some downturn to follow tomorrow or next couple of days.
Im out here last unit at 1534.25. Odds certainly favour the shorts tomorrow imo and shorts have too much power for me to hold on to last unit.
Today's sloppy downward move initiated by the institutional bullies merely came on the heels of the option's expiration tomorrow. It was a sloppy one nonetheless. However, since there's no economic news to be reported tomorrow, I'm pretty damn sure they'll flex their muscle to push this market right back up, possibly to the all-time high before Cramer lost his cool, with another likely caveat: thin volume. If that were the case, you might as well wave the aging old bitch, namely Cramer and his cheerleading misfits, goodbye and bring out that dusty bear costume.
Euphoria waering thin for equities......USD in free fall as expected & on par with CAD ...1st time since late `70`s.
if it were`nt for expiry tomorrow,i`d expect closing price around 25.....expiry should hold us up for atleast tomorrow as i have no prob holding into next week/month.
fed just buried us,imo........they`ll get their wish with the devalued usd & sky hi energy/gold.........expect the equity markets to fade along with the economy once it becomes realistic that the `70`s are here again.
1510/15 1st stop.....then to hades in a hand basket....mid 1300`s
if it were`nt for expiry tomorrow,i`d expect closing price around 25.....expiry should hold us up for atleast tomorrow as i have no prob holding into next week/month.
fed just buried us,imo........they`ll get their wish with the devalued usd & sky hi energy/gold.........expect the equity markets to fade along with the economy once it becomes realistic that the `70`s are here again.
1510/15 1st stop.....then to hades in a hand basket....mid 1300`s
Quote from Spooz Top:
Euphoria waering thin for equities......USD in free fall as expected & on par with CAD ...1st time since late `70`s.
if it were`nt for expiry tomorrow,i`d expect closing price around 25.....expiry should hold us up for atleast tomorrow as i have no prob holding into next week/month.
fed just buried us,imo........they`ll get their wish with the davalued usd & sky hi energy/gold.........expect the equity markets to fade along with the economy once it becomes realistic that the `70`s are here again.
1510/15 1st stop.....then to hades in a hand basket....mid 1300`s
Pure f'n poetry the past few days..... gotta love it
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