ES Journal Archive (2006 - 2008)

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18/22 is equilibrium point pre fomc since its midway. Thus fomc statement will be used to determine which direction we break.. and 20 point break tests close to top and bottom.
 
Nailed that long move. Unloaded final units at 53.

Quote from 2006:

Unless this market falls out of bed overnight, I will be looking for longs in the morning (for a morning reversal). No comments on afternoon action.

If we don't break today's lows in the first hour (tomorrow) and range about -- start looking for longs. Volatility should continue into tomorrow, we can easily test today's highs.
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Wednesday, June 27, 2007
ET/GMT Expected Previous

0830/1230 May Durable Goods -0.7% +0.8%

N/A Two-Day FOMC meeting begins; interest
rate decision expected 2:15 p.m. EDT
Thursday

Durable Goods at 0830 will be interesting. They may gap it up and trap the shorts, todays action may give some clues.
 
Im going to wait for price zone of 1521 before shorting all the way back down to 1512.

Still think we might get one more push up before good shorting opportunities arise.

If 1521 fails then 1525, tight stops for each entry zones.
 
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