ES Journal Archive (2006 - 2008)

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The breakout of 33.50 from the 8th gave gave us a nice move to the lower 70's. Shorts above 53 got stopped out once and had to get short again higher. We should hit that target of 1300 or so today and move even lower. I was looking for 100pts from above 1353 so that puts us at 1253, from 1373 that puts us around 1273, so 1273-1253 I would look to be a buyer again for aother leg up.
 
Quote from avarus:

The breakout of 33.50 from the 8th gave gave us a nice move to the lower 70's. Shorts above 53 got stopped out once and had to get short again higher. We should hit that target of 1300 or so today and move even lower.

Out of the many possible outcomes for today, for the bulls, this would be the most demoralizing.

Sharply down Friday + long weekend = weak open on Tuesday.
 
Quote from JSSPMK:

2.25 on Scale out
b/e on 1/3

Short now upon poss 5 triple D, not ideal p/a for it though.

Scaled out +1.75
1/3 still open, expecting at least a re-test of LOD or cover upon break of 1344

1/3 covered +11.75
 
Quote from JSSPMK:

2.25 on Scale out
b/e on 1/3

Short now upon poss 5 triple D, not ideal p/a for it though.

Visual

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1793148>
 

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