ES Journal Archive (2006 - 2008)

[startraitor]

stop moved and full short to 65, average 62.75 now and holding. stop over 72 target low 40s.

Quote from startraitor:

could not post last trade outcome, stopped out. getting short here 57.50-59, stop over 62, target low 40s.

 

[Lawrence Chan]

Trend day ... again?

The W pattern from last 2 RTH trading days is now implying gap fill to the up side.

 

[saliva]

Short 59.5
Stop 63

 

[saliva]

Quote from saliva:

Short 59.5
Stop 63

Out at B/E

 

[startraitor]

going out on a thin limb targeting 37-39 today, will hold shorts.

 

[Anna K.]

Quote from saliva:

Out at B/E

Saliva, can i ask you why you've closed this position? your stop wasn't triggered, right? just trying to understand. tx.

 

[Lawrence Chan]

Down trend will be broken if the W pattern objective is reached.

On the otherhand if 50 is taken out daily down trend will resume

Ultimate fight going on now.

Edit: Same for dollar yen too.

 

[ammo]

Quote from ammo:

sh 57 on usd/jpy stall, tl on dail es from sep thru nov highs,res here, add 61, will add 64 if we get there

covered at 57,that res could act as supp

 

[saliva]

Quote from Anna K.:

Saliva, can i ask you why you've closed this position? your stop wasn't triggered, right? just trying to understand. tx.

Selling pressure evaporated, indicating that the bulls could hijack the ball and run with it.

I'm just playing safe. I could always re-enter later if I feel it's warranted.

 

[saliva]

Quote from Lawrence Chan:

Down trend will be broken if the W pattern objective is reached.

On the otherhand if 50 is taken out daily down trend will resume

Ultimate fight going on now.

Edit: Same for dollar yen too.

Just curious. Is this rally attributable to those mutual fund johnny-come-lately managers? Besides the possible IHS, the technicals looks pretty tepid and nothing suggests this rally as valid from the fundamental camp.