ES Journal Archive (2006 - 2008)

[Buy1Sell2]

Quote from romik:

do you find eod closing prices on a day like today have a tendency to provide short-term market direction?

typically --yes

 

[murray t turtle]

Quote from Buy1Sell2:

There is a tremendous potential here for a significant bounce into the close.

===============
Agree, & with 20 minutes till close now, the main bounce may have been @1;25 , chicago time.,1274 area

Its now below 5 day resistance ;
15 minutes till close

 

[romik]

Quote from romik:

that's exactly why I decided to hesitate and not re-enter the short until we are clear what's happening with the IRs.

3 contracts short 1276.75

 

[sosa1974]

No trades for me, just watched. Still have my 1280 positional short, no adds or profit taking. So relaxing......

 

[romik]

Are you still long B1?

 

[Buy1Sell2]

Quote from romik:

Are you still long B1?

Yes--as is my custom, I remove any stops prior to Fed announcements as I did today. I still have the net short position on in the longer term account, and the 15 units long in the short term account. I will be rethinking this position over the next day or two. I still believe that we have a 1300 test in store.

 

[Buy1Sell2]

Very good potential right now for an upside breakout intraday. Breaking 1283.75 would be key. The 1300 possibility is in play today I believe.

 

[Buy1Sell2]

The issue will be whether we can clear and stay above 1283.75. I believe that we can on the next attempt or two.

 

[Buy1Sell2]

While I am long here and looking for the 1300 test, I will be paying special attention to the 30 and the 60 for signs of double top or receding RSI.

 

[ksonsinc]

Buy1 sell2
i think we should look at 1288 which look like a second resistance before it goes to 1300 if it bounces back or goes south wards we might be looking for a sell off