ES Journal Archive (2006 - 2008)

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Stopped out at 1287.00 for -1.75pts, 1 tick positive slippage there. Must be some damn good report (only one I can see for today is the trade balance report). Whatever it was, doesn't matter.. we're heading above 1300 now.
 
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Quote from RsX:

Stopped out at 1287.00 for -1.75pts, 1 tick positive slippage there. Must be some damn good report (only one I can see for today is the trade balance report). Whatever it was, doesn't matter.. we're heading above 1300 now.
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Quote from avarus:

I was a day early on 1312. But imagine all those who accumulated on that down move? Watch 1312 for clues to next move.
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I'm seeing 1308.50-1310.50 as an important tight little zone - a 50% fib retracement along with another -38.2% fib extension and todays globex R2 create some noteworthy confluence there, but I'm thinking twice before shorting into this upmove blindly at this zone..

EDIT if we move through the first area, then I'll be watching 1316-1319 for selling.
 
03-10-08 09:31 AM

I have a short-term target here of 1312 for longs.

They will take it down one more time. The bull run is coming... Sentiment shifts occuring. From here to the 18th, look to postion long for a new bull run.
 
... thus spake volentustra......
.... nice call.... :)
Quote from volente_00:
on the first down day, the smart money is selling
on the second down day the semi smart money is selling more
on the third day of the move, the dumb money is puking their long positions and shorting late to the party as the smart money covers
On the fourth day, the dumb money will be forced to cover on the orchestrated spike to distribute more.
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