ES Journal Archive (2006 - 2008)

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From a swing trading perspective, given this morning down leg, I'm flat. On the sideline now with a slight preference for the BO we were expecting.
I would only re-enter long on a retest of the 1280-90 resistance. the market has to show me first there is strenght to go back to yesterdays high.

For now, back to scalping.
 
It's going to breakout to the upside, but it's a bull trap. Why? Because it's an ABC correction in a bear swing.

Elliot Waves, all hail google it.
 
Quote from ammo:

long 59,give this another shot
stp 56, mp has cleavage 64-65,uvol/dvol nothing big.usd/jpy coming up a little off supp,naz in a smalll uptrnd ,on 15 min,1806 was a fib #,out 61.50
 
Quote from Xuanxue:

It's going to breakout to the upside, but it's a bull trap. Why? Because it's an ABC correction in a bear swing.

Elliot Waves, all hail google it.

I say ego trip. :)

Good luck to you though and good trading.
 
before that happens. hopefully they push it up to 1280 again so i can throw the house at it!. opex week should do it. thats when there at full strength.
 
Quote from ammo:

thnks,whats the v 1242 at the bottom

projected target..

sept oct target 1180

first quarter 2009..

1080

market builds a bottom in summer 2009

ARM's come to roost...housing foreclosures will pressure banks.

market enjoys a 3 year rally to 2012, 2012 will be a Depression 87 style percentage crash as long bond yields climb to match inflation.
 
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