ES Journal Archive (2006 - 2008)

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I must be blind, but I just don't see what justifies a short here. Since everyone else seems to see it, will someone please elucidate me?
 
its not a intraday short, something for the future. lot of breakouts fail secondary to systems playing breakouts, and those systems get trapped.

edit: 1540-45 near term test.

edit: higher oil prices are good for the economy. increased transport costs even better. higher food prices woo hoo..., no inflation. Who needs jet fuel when we can grow corn and convert it to biofuel. Increasing corn prices. Forget about the 8 trillion dollar deficit, our future kids will be able to handle. Lets enjoy the party now. Lets bombs everyone to kingdomcome to increase oil prices further. Afterall all those bombs our taxes pay for and profits for the good ole boys need to be used on someone.
 
Quote from mbusch:

I must be blind, but I just don't see what justifies a short here. Since everyone else seems to see it, will someone please elucidate me?
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1562 was resistance from early this afrernoon, so a short at 1561.75 makes it more likely that one will be filled.

Not that I would short a day like this. Heck, I don't even trade the thing on a Friday afternoon (I'd rather do stocks--purer moves).
 
earnings for financials next week. The earnings will be stellar. =) We have the best white collar crooks on the globe.

edit: notice the tick rescue attempts.. bumping the tick and keeping it close to the high as we wind down to the close.
 
Re-entered long one unit at 1562.25 with 3-tick stop (with apologies to B1S2).
EDIT: Stop now at breakeven and trailing up.

(I need 2 more points profit to make my daily goal.)
 
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