ES Journal Archive (2006 - 2008)

[gwac]

oil is up 3, going to be very hard to 86. Anything is possible...

Quote from smilingsynic:

If I were trading intraday I'd wait and see what happened around 70-71. That is now intraday resistance. If that holds and becomes support, the pivot would likely be in play.

 

[Lawrence Chan]

Quote from ammo:

funny part is ,we are approaching it in such an orderly fashion,no panic,if that was the top and we are resuming our downtrend in a bear market,that's kind of what LC was referring to i think

Actually it is kind of panicky ... because the $tick kept printing big negative #, implying orders are hitting the bids the whole morning.

Thus it is likely a sell off induced by retail panic in financials.

The more interesting part is that with such bad breadth, there is no real sell off accompanying that ...

So bids are stepping in at the current price level to support the financials.

 

[smilingsynic]

Quote from gwac:

oil is up 3, going to be very hard to 86. Anything is possible...

Yes, the PP IS way up there. There would be resistance at yesterday's close, first, obviously.

 

[ammo]

15 min tl starting at 5am cst this morn has res here at 68 ish

 

[Buy1Sell2]

08-19-08 09:58 AM

08-19-08 08:20 AM

08-19-08 07:38 AM

Will get long @ 1279.50 on a buy stop --20 contracts

Buy stop lowered to 1277.00
Buy stop lowered to 1275.75
Long 20 @ 1268.00 Initial stop 1252.75

 

[Zodiac4u]

Quote from Buy1Sell2:

08-19-08 09:58 AM

08-19-08 08:20 AM

08-19-08 07:38 AM

Will get long @ 1279.50 on a buy stop --20 contracts

Buy stop lowered to 1277.00
Buy stop lowered to 1275.75
Long 20 @ 1268.00 Initial stop 1252.75

If you dont mind me asking, what chart time frame were you basing your entry of 68 on? Was this a day trade or longer time frame trade? And why the 52 stop? (what significants does 52 play for you)???

 

[smilingsynic]

Quote from smilingsynic:

If I were trading intraday I'd wait and see what happened around 70-71. That is now intraday resistance. If that holds and becomes support, the pivot would likely be in play.

Obviously, what happened around 70-71 was resistance. If it could not hold above S1, there was no reason to go long, intraday.

 

[kinggyppo]

long spy 126.60 tight stop

possible double bottom if we hold here.

 

[kinggyppo]

Quote from kinggyppo:

long spy 126.60 tight stop

possible double bottom if we hold here.

out 126.80 first long target 127.40.

 

[ammo]

this ledge at 64 is odd,i wonder if someone is liquidating and morgan or goldman said they would stop them out at 64,ym holding 13325 and nq holding 1904