ES Journal Archive (2006 - 2008)

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tough to say.
S1 is not a real strong support area.
the thing to watch would be NQ. it has not tested this area.
S1 on NQ is still intact. I suspect that won't be the case for long.
 
Quote from Lawrence Chan:

Close enough ... the rest is up to ES itself if buyers are willing to step in. :D

Edit: if not, likely close below 1200.
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Know that the mkt is weak ... but this one is very weak!
 
Quote from Lawrence Chan:

Know that the mkt is weak ... but this one is very weak!
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I shook the bones, they indicate a gap up and run tomorrow, but said buy the overnight low! :eek:
 
Quote from Anekdoten:

I keep giving away profits in the afternoon, not sure if mind gets exhausted or the PA owns me, second day in a row I read the afternoon wrong.

Anek
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Me too.
I originally entered my short ES @ 1200.75 and short YM @ 10980. I watched as they both went my way off the bat only to get scared as the market bounced and I got out with only a small profit. Then I watched as the market continued to bounce higher so I realized my mistake and re-entered my tickets to get short again from my original price. After placing the trades I waited for the market to fall and fill my order. As soon as i got filled the second time around the market bounced even higher and i had to sit and watch my P/L go negative on the trade. since i use extremely wide volatility stops i figured that i would just have to sit and wait it out overnight. well long story short the trade is working out fine as i remembered to stick to my guns.

even us old timers can miss it now and then.:cool:

keep up the good work.:cool:
 
Quote from wave:

Tomorrow gonna be one of those big up days again. 100 ES pts?

Feels like it's 1999 again.
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nope. i dont think so. not this time. maybe a small bounce off the lows but i'd be surprised to see a parabolic up move without ppt intervention.
 
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