ES Journal Archive (2006 - 2008)

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2 PM test spike. On slow days, there sometimes will be an attempt to jerk the market in one direction to test the waters to see if there are any stops below support/above resistance. At this point there is not much supply below lunchtime (12-2) lows. I expect a retest of this morning's highs.
 
Quote from apex82:

ya I just got short to this should be a good signal

hoping to take some out on the retest of the lows and hold for new lows
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You still short the ES?
 
Es mean reversion move to 1415/20 providing an exceptional sell but not quite the ultimate before we leg down severely off the Es/spx break of the weekly diamond topping patterns that was noted in december.

measured target on spx off diamond break is 1225.......c ya when we get there.


wrote that around 12:30 in the 'hotshots thread" ...so thought i`d share it here..........we`ll see how it plays out.
 
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