ES Journal Archive (2006 - 2008)

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Quote from smilingsynic:

A few days ago I posted the calculations of another measured move that had 1310-1311 as a downside target.

In any case, there will be plenty of time if one wants to buy/cover all shorts. Bottoms usually require retest and confirmation. Patience in this business is indeed a virtue.

I was thinking of this quote, pretty darn close with a touch under $1315.00 on the cash.
 
Quote from kinggyppo:

I was thinking of this quote, pretty darn close with a touch under $1315.00 on the cash.

I ended up selling my last puts at 1317 and sold some verticals. Close enough to 1311, in my book. I will have probably sold too soon, but perfectionism is not a philosophy that leads to success in this line of work.

I have to take my wife and son to the airport this afternoon, so precision is not a luxury I can afford.
 
1-2-3 bottom on ES AND 1-2-3 top on ZN and VIX. That all went off at once is bullish. Short ZN with stop 3 ticks above day's high.

Volume less than impressive on ES, however.

Notes are less choppy than ES on days like this.
 
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