ES Journal Archive (2006 - 2008)

volente_00 · Jan 11, 2008

daily IHS says 1440 cash next target.

http://finance.yahoo.com/q/bc?s=^GSPC&t=5d&l=on&z=m&q=l&c=

volente_00 · Jan 11, 2008

rule of 10 entry

opt789 · Jan 11, 2008

Quote from Buy1Sell2:

I am an outraday trader.

Interesting.
You appear to be the only person to have ever used this word.

I have had a couple short trade setups today, but I will admit that I am chicken. If/when the fed makes the "surprise" 50 point cut the market will have a knee jerk up move. I wish they would just do it and get it over with.

mbusch · Jan 11, 2008

Quote from volente_00:

daily IHS says 1440 cash next target.

http://finance.yahoo.com/q/bc?s=^GSPC&t=5d&l=on&z=m&q=l&c=

I don't understand your target calculation.

Basis the cash index:

Head = 1380
Both shoulders = 1405
Neckline = 1428
Head to neckline = 48

Is that the same IHS you're looking at?

If so, isn't the target:

1428 + 48 = 1476?

And of course, don't we need to penetrate above the neckline before this IHS is confirmed?

candles · Jan 11, 2008

Quote from opt789:

Interesting.
You appear to be the only person to have ever used this word.

LOL. That's what i discovered after googling "outraday". haha.

limit in to long at 1406

opt789 · Jan 11, 2008

Anyone else watch the SOX? I like to use it for a confirming and once in awhile a leading indicator. It is at the lowest level since 2003.

apex82 · Jan 11, 2008

Quote from apex82:

getting an itchy trigger finger on the dow here.. looking for a 300+ point drop...

what goes up... must come down

closing out for profit 1 here on the ym.. still think its heading lower but I just cant hold it anymore without taking some off. Im expecting a bounce and dont want to sit through it.

220 point profit......

stop moved to BE looking for new lows...?

mbusch · Jan 11, 2008

Long from 1410.25, 2-point stop, looking for 10 points for a gap close, at which point (if it happens) I look to go short.

mbusch · Jan 11, 2008

Quote from mbusch:

Long from 1410.25, 2-point stop, looking for 10 points for a gap close, at which point (if it happens) I look to go short.

Filled at 1420.25 for +10.00. Now flat and looking to go short.

Buy1Sell2 · Jan 11, 2008

Quote from opt789:

Interesting.
You appear to be the only person to have ever used this word.

I have had a couple short trade setups today, but I will admit that I am chicken. If/when the fed makes the "surprise" 50 point cut the market will have a knee jerk up move. I wish they would just do it and get it over with.

Yes I did invent the word and am the only person to have used it. It makes sense and I like it.

From an intraday perspective, the selling has dried up, so I understand your tentative nature. I see this as short covering only at this point and remain bearish.