ES Journal Archive (2006 - 2008)

[Keeper]

Quote from JimmyJam:
Perched to Perfection.
How many think it'll hold and rally?
Let's see a show of hands
My vote is NAY!
JJ

I expect to see 1460 level within the next 3 to 5 days.

 

[romik]

on the sidelines

 

[tiddlywinks]

YM will close above 12800. Don't know about closing at multi-year highs.

Would like a test of 12780-90 zone for major signal.

 

[weewilly]

ES is gonna rip up thru 1482.75 by close like a hot knife on butter.

 

[ksonsinc]

well the dow jone will test the 12800 mark so have to watch it carefull as the Es will also follow the up move
watchig closely for the 12800 # so can decided to short the ES or go long

 

[ryank]

Quote from romik:

on the sidelines

I'm with you, I've missed most of the run up today. I did mange 2.5pts on 2 trades on ES this morning for about 5 minutes work so I can't complain too much.

 

[apex82]

I wouldnt chase the market here... ES and Er2 are in great spots to make wave A highs, trick all the suckers that chase the market and make one last move down into the 1474-1474.50 area washing them out, getting everyone short and then bust all the stops to new highs. This is just how I approach the market....

 

[JimmyJam]

Quote from weewilly:

ES is gonna rip up thru 1482.75 by close like a hot knife on butter.

LOL, well it held, but just barely.

Looks like the Bulls aren't quite ready to call it a day, but IMHO, most of the upside is already in.
***
Coming up with some rather interesting ideas on using the YM/TY Combo for overnight position trading (5k margin between the two will do you right).

This combined with scalping the ES could purty much make my day.

Good trading,

JJ

 

[tradertony76]

Quote from JimmyJam:

but IMHO, most of the upside is already in.

Heh. In US Equities, is most of the upside EVER almost all in ? It takes a LOT for these guys to lay off the buying.

 

[apex82]

Quote from apex82:

I wouldnt chase the market here... ES and Er2 are in great spots to make wave A highs, trick all the suckers that chase the market and make one last move down into the 1474-1474.50 area washing them out, getting everyone short and then bust all the stops to new highs. This is just how I approach the market....

Looking pretty good so far.....