ES Journal Archive (2006 - 2008)

[apex82]

Quote from apex82:

Here we go... ES trading right at support 1401.75 it has to hold here Nice place to exit shorts and reassess

Be careful here guys.. this thing can pop violentely in this area. But it is definately struggling

 

[K-Rock]

Futures are leading this downturn and cash seems to be reluctant.

 

[JimmyJam]

Quote from apex82:

Here we go... ES trading right at support 1401.75 it has to hold here Nice place to exit shorts and reassess

Maybe it'll hold, but nothing is looking pretty, so I wouldn't reverse here.

JJ

 

[apex82]

Quote from JimmyJam:

Maybe it'll hold, but nothing is looking pretty, so I wouldn't reverse here.

JJ

Ya I definately do not advocate going long. Short spikes can be violent so its nice to take some profits off in these key areas so your psychology doesnt get to you and you start covering at the highs.

 

[romik]

Quote from wareco:

Uh, yeah several times so far, but I did have to average up on my first short position. Phoney feeling or not, the prospect of a loss was real enough.

Was your short by any chance based on market declines following roll overs? I have been noticing that market tends to decline in the beginning of the week following rolls.

 

[osorico]

Flat all around. R/R seems to have turned to the upside. Will look for longs entrys for a while. Could be worthwhile.

Osorico

 

[osorico]

ES and YM 3/8/07 gap filled!

 

[apex82]

alright!! Just hit key support for ES 1392.50-1394. Prof hit and filled from my 1426 short.. gorgeous..

 

[wareco]

Quote from romik:

Was your short by any chance based on market declines following roll overs? I have been noticing that market tends to decline in the beginning of the week following rolls.

Actually no. I've never considered looking at the correlation. The infrequency of the futures rollovers would cause me to think any correlation is by chance. You would have to go back years to get any kind of a sample size, and I think the market dynamics over that period of time would be so varied as to make any correlation suspect. But, I'll defer to you, since you seem to have your eye on it.

 

[osorico]

Quote from apex82:

alright!! Just hit key support for ES 1392.50-1394. Prof hit and filled from my 1426 short.. gorgeous..

Sweet! Apex

And now bouncing.... a move to top end of previous gap is in order. We'll see. :eek: