ES Journal Archive (2006 - 2008)

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INTC didn't really have any effect on the market this morning. Bonds was main cause of down draft today.

1300 will be like a magnet. Dangerous to short at this time. Perhaps for a quick scalp but risky.

Quote from ksonsinc:

i think it will touch 1300
It look very strong even after a bad report from intc
More...
 
For the last two hours the trend was clearly long.
Contrarian traders will be stopped out each time till the trend changes; but at that moment the contrarian will probably change direction too and continue to be stopped out.

Never fight the trend, unless you have suicidal intentions.
Instead of trying to take a small and risky scalp, try to take a big chunk with less risk in the direction of the trend.
 
I agree with you lwlee
1300 is what the sp is looking at and trying to go ther
i think1300 would be a good place to short if it does not blow the 1300 level
 
Quote from spike500:

For the last two hours the trend was clearly long.
Contrarian traders will be stopped out each time till the trend changes; but at that moment the contrarian will probably change direction too and continue to be stopped out.

Never fight the trend, unless you have suicidal intentions.
More...

right on Spike
 
Quote from spike500:

For the last two hours the trend was clearly long.
Contrarian traders will be stopped out each time till the trend changes; but at that moment the contrarian will probably change direction too and continue to be stopped out.

Never fight the trend, unless you have suicidal intentions.
More...

Indeed. I was just about to ask B1S2 why he keeps fighting the market.

Shorts, get stopped out, shorts again and the ES is still making higher highs.

What are you seeing that I dont see B1S2?

-Skog
 
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