ES Journal Archive (2006 - 2008)

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Watch for short potential this afternoon should start soon after lunch. Stop does not have to be much above HOD, 2 pts. I will short near HOD or couple of ticks above it.

I'll give it a shot :)


Edit: O I did not see your post, but glad we are in agreement.
 
I agree too. I saw the double tops forming in the other index's and TRIN rounding out and turning up and I jumped the gun a little bit and shorted at 1526.75 with a 1 point stop. I was looking to see if we could at least get back to 1524 but the market didnt fall as fast as I was hoping so I covered for a point. I think we'll get another shot.
 
Quote from osorico:

Just an observation....

bear flags present on all 15m charts of ALL US indexes. ES is "best" imo, but be leary of YM, ER, and NQ following ES making fresh HOD. If those indexes fail to make fresh HOD, following ES, the pattern is confirmed.

Don't be trigger happy on this one.
Osorico :)
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OK Short 1527.75 stop 1529.75
 
Let's not get ahead of ourselves fellas, the trend is still up.

Wait for confirmation break of the previous HL, and then short the retrace (at least that's what I would do, if I were trying to go short during an uptrend, which I am not).

JJ
 
Quote from BoyBrutus:

OK Short 1527.75 stop 1529.75
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I love it... just realize your in lunch against short covers.... may be best to sit it out and see if you can get a better entry with me :)
 
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