ES Journal Archive (2006 - 2008)

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Quote from mbusch:

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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Took profit at 1564.50 for +2.25. One tick more than I needed. Currently flat. Might be done for the day.
 
NEW ALL TIME HIGHS...... get ready guys... been talking about this since back in february. We are getting close to capturing one of the biggest moves to the downside in the past 5 years.

Be patient....
 
one fine weekend the bigboys will use a anomalous issue to gap it down consecutive days. Possibly using statements by Greenspan as a proxy, even though this has happened before.

the most immediate issues, are the politics of blackstone.

edit: glad I moved my TP away by 100 points otherwise it was at risk of being hit too prematurely.

edit: anyone see that dump last few minutes? price engineers recycling cap.
 
I'm still short, I might take PT at 1540, but usually the market will swing to the other end of the range once a failure occurs. th range waves have been around 40 points.

I expect one more mini downdraft to 1540 before the summer ends. Then the trading addicts will bid it up for the beach boys to return and have to pay a premium to play.

then based on those situations in the fall, the market breaks through. The economic expansion seems winded just looking around locally. Lots of retail store closings.

Not sure of the statistic, does the stock market peak 6 months before or after a recession has been documented as started?

http://en.wikipedia.org/wiki/Black_Monday_(1987)
 
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