ES Journal Archive (2006 - 2008)

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Quote from Lawrence Chan:

Bulls cannot let 52 happen if they want a rally from here ... that breaks the higher low swings that took them a very hard time to build up.
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I'm pretty damn sure we'll break down. For me, it's no longer the question of if but when. Yeah, it's no secret that I'm net short. :)
 
This is for SPX, not ES

As long as negative premium (ESH9 - SPX) persists the bears have the upper hand.


Market View: S&P holds again at support but

The index held for the third time over the last two weeks at 857 in early afternoon trade and bounced but from an intraday perspective it needs to sustain a push through 862 and 864 to begin to improve today's weak pattern. Failure exposes the 851/850 area which marks the bottom of the three-week trading range as well as the 38% retracement of the Nov-Dec recovery rally
 
Short squeeze? :]

Long. Tight Stops. Won't lose more than a few ticks.

edit: there she goes. Muahahahahahah.

edit: Targets 50% Hi-Lo, Yesterday's Lows.
 
Interesting squeeze ...

When 52 not breached, many trading models caught off guard :)

But that does not change the fact that it is more likely to close below 59.
 
Well what can I say, it didn't break (R).

I got stopped for +0.5. No biggie.

Not sure what you mean by "that one". One thing I will say though is that I have no problems with scratches and small losses :]
 
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