ES Journal Archive (2006 - 2008)

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Quote from joeyata1:

lol we went to flat from 300 up first and we looked dead as a door nail as late as 2 pm eastern. so i guess those who bought with no stops caught the t day. but wait those no stop traders are already wiped out from the past 6 weeks of 100 pt es swing days. now what rule is this? rule of 2.4,10,20 or 30? lets add the rule of 50 and 100 since things have gotten so crazy
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I THINK WE FOUND WHO SHORTED 838 LAST NIGHT !


:p
 
The 60min Mcd is still crossed down, The histo is crossed down and The stochastic is almost in the overbought area. All we need now is a negative GDP report for nice Healthy sell-off.:)
 
Bias appears to be on the LONG side - we have gone from
'sell the rally" to "buy the pullback"

Of course, bias could change in 5 minutes with a DOW 500 point move.

After the FED?? sell the news?

969/72 is first restistance, support 914/917
 
Quote from Lawrence Chan:

I thought we are going to have a big gap like 20 pts up or down ...

Hard to believe that we are trading at around the close so far. :)
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I guess we should be short below the close and long above?:)
 
LC, you have to start doing the overnight thing. It was only a 28.50 pt pullback, still lots of profit in the meaty part if one took the short and trailed stops. At this point in time, going into fed all bets are off and so am I, till then.


Quote from startraitor:

Just like that! That move came off a low established during rth and the day closed 14 pts off the high and on 50% more volume.

Today's move started overnight in foreign markets on what I suspect was massive worldwide intervention. A 30 pt retracment would be nothing on that move nor would a 40 pt continuation. Going into fed I would put better odds on the former.

Just trying to make myself feel better fwiw, no argument intended.
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Quote from startraitor:

LC, you have to start doing the overnight thing. It was only a 28.50 pt pullback, still lots of profit in the meaty part if one took the short and trailed stops. At this point in time, going into fed all bets are off and so am I, till then.
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I wonder where we bounced from? 21% maybe?:)
 
Quote from startraitor:

LC, you have to start doing the overnight thing. It was only a 28.50 pt pullback, still lots of profit in the meaty part if one took the short and trailed stops. At this point in time, going into fed all bets are off and so am I, till then.
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Cannot because of other obligations ... I guess it is a matter of choice :)

Pulling back to mid-10s is expected, just not there in the middle of the night to participate in the continuation move.
 
Quote from Zodiac4u:

The 60min Mcd is still crossed down, The histo is crossed down and The stochastic is almost in the overbought area. All we need now is a negative GDP report for nice Healthy sell-off.:)
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Looks like the Chicago boys like those large time frame indicators.:)
Did someone yell Timberrrr!:D
 
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