ES Journal Archive (2006 - 2008)

romik · May 23, 2006

out @ 73.25, this is not happening so far for a long

BoyBrutus · May 23, 2006

Quote from sosa1974:

Quote from BoyBrutus:

Is this the January close on the S&P you are referring to? I didn't know people were watching monthly values. [/QUOTE

Don't know about others but I do. Yesterday we bounced off the Dec 31 close. Naturally I checked where Jan ended (127.50 SPY). I use the ETF price to gauge the entry, since the ES and cash index can differ @ times. Its just a gauge to know where they are trading. This will take some of that confusion you might have and clear it up a bit.

More...

Thanks very helpful information.

Buy1Sell2 · May 23, 2006

I've taken a short position at 1270.00 This is based on the formation of the RSI with a lower second peak on hourly charts.

sosa1974 · May 23, 2006

I shorted Resistance 1 pivot @ 1273, going to use a 1270 as an absolute cover point. Overhead resistance @ Jan close still in effect for now.

sosa1974 · May 23, 2006

Flat 1269, Im out, done.

sosa1974 · May 23, 2006

I was expecting to see more of a bounce up today after the overnite buying, apparently not. Nice hold S2. This market looks tired!! I think its time for the Dow to come to its 200 day.

romik · May 23, 2006

holy crap, it was worth sticking around for THAT!

Buy1Sell2 · May 23, 2006

Quote from sosa1974:

I was expecting to see more of a bounce up today after the overnite buying, apparently not. Nice hold S2. This market looks tired!! I think its time for the Dow to come to its 200 day.

Thanks!!

Buy1Sell2 · May 23, 2006

Quote from Buy1Sell2:

I've taken a short position at 1270.00 This is based on the formation of the RSI with a lower second peak on hourly charts.

I'm still in this trade at the moment.

sosa1974 · May 23, 2006

I just covered last short @ 1252.25, entry 1259.25 Trade in @ the close. Jesus!! We are now well below 200 day. This is looking ugly for the Bulls. Time for another Burned steak dinner!