ES Journal Archive (2006 - 2008)

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which is pretty close to the previous retracement

1200 to 1291 than to 1232


Quote from gwac:

actully 61.8 % retracement 1231.5 to 1290 than back to 1253
More...
 
FWIW, there appears to be a classic bear flag on NQ after this mornings drop. If it breaks down, NQ could be looking at a measured move to the 1770 - 1780 area.
 
To continue a higher swing low would set us up nicely for 1300 to 1320 but we need to hold above the previous low, not a given yet....

there is also a tl from the previous swing lows that comes in around the 43 level, a test cannot be rules out....
 
last night i was looking at the es...it was at 65. i was thinking of taking a long and riding to 71 or so. i told my husband about it, but said i was afraid to take it b/c the 830 news could make it go awry. he said, "how much money will you make if it works?" i told him. he then said, "what happens if it doesn't?" i told him "i lose a bunch" he said don't take the trade, so i didn't.

looking at the movement today, it went right up to my sell point, then backed off. i sorta wished i had had the guts to take the play, but i guess caution is the better part of valor...sigh...

isn't it ironic when you get it right but don't take the play? when it would have worked out EXACTLY as you planned but you lacked the guts to take it?
 
It's hitting resistance at yesterday's gap and pretty much to a dead heat. Those suckered long will hold until right before the close, as will longer-term swing bears. Ain't no one taking this one home. My best guess is that bears will win out with size over noobs' numbers in volume.

I'm still short. What a drag.

Boooo. Hissss.
 
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