ES Journal Archive (2006 - 2008)

[Spectre2007]

so the bulls have a chance to rally this, the shorts will let the bulls rally it, so they can sell it at higher levels.

Look for:

1) USDJPY above 116.00
2) 10 year note yields above 4.50%
3) SP500 cash above 1388.00

4) Retrace on yen crosses.

 

[Spectre2007]

5 minute trendline busted on cash. Price action looks good.

 

[Spectre2007]

russell is still lagging.. should catch up.

 

[Spectre2007]

watch for a upward spike in russell.

 

[Spectre2007]

there it is.

 

[Spectre2007]

spooz looks toppy now intraday... lunch time at the CME soon.

 

[Spectre2007]

1 minute trendline on ESH7 looks fragile.

 

[Spectre2007]

target 1382 on ESH7.

 

[Spectre2007]

shorts can run with it if they want now.. should be a neutral close.

 

[JimmyJam]

Hey Spec, how's your trading going?

Sounds pretty good.

I'm looking to short any pullback up to the 1392 area (if it happens).

But if it keeps going down, 1385 should hold it up.
***
Practicing with a new system is always tough in public (you always want to show your wins), but I think Lance is on to something (well yeah, the only question is, can I figure it out?) and I'm going to try to work out the kinks here.

Good trading,

JJ