ES Journal Archive (2006 - 2008)

blaster1 · Apr 18, 2008

Short 89.75.

Edit: covered +1

blaster1 · Apr 18, 2008

1390 is rule of 10x2.

Buy1Sell2 · Apr 18, 2008

Quote from opt789:

The futures currently show a gap up of 7.25 in the SPX and 27.5 in the NDX. I'm not sure I would call that "barely in the green."

Hey B1S2, do you see anything in the divergence in the 60min now?

No I don't right now.

tortoise · Apr 18, 2008

Quote from blaster1:

1390 is rule of 10x2.

Wouldn't you say that today's short squeeze potential is rather high?

wave · Apr 18, 2008

Short here, long above 1390.

Feeling a bit existential this Friday.

http://www.youtube.com/watch?v=Z7jSXwWODAA&feature=related

All the best.

blaster1 · Apr 18, 2008

Quote from tortoise:

Wouldn't you say that today's short squeeze potential is rather high?

I agree. I used the rule of 10 as a signal for a scalp trade. As you can see it worked out well.

Buy1Sell2 · Apr 18, 2008

Quote from elovemer:

... it doesn't work....
... ... nice vol

agree Porge--

blaster1 · Apr 18, 2008

Quote from elovemer:

... it doesn't work....
... ... nice vol

Quote from volente_00:
Whatyaknowboutdattdaytheory whatyaknowboutdatruleoften

Interesting for you to say that elovemer. Both rule of 10 and T day worked like a charm yesterday.

kinggyppo · Apr 18, 2008

Quote from wave:

Short here, long above 1390.

Feeling a bit existential this Friday.

http://www.youtube.com/watch?v=Z7jSXwWODAA&feature=related

All the best.

I need some caffeine in the morning. Good trading.

http://www.youtube.com/watch?v=H6Vw402IaII&feature=related

smilingsynic · Apr 18, 2008

Quote from smilingsynic:

Nearest resistance is 72.25 area, obviously. I would not consider resistance a safe place to short unless there is a gap up that proceeds to trade down through 72, a la Taylor.

This morning's gap up will be a great place to liquidate what was bought at lower prices.

Note that I didn't say "sell short." For that to even be a possibility, the 9:30 open has to happen first.