ES Journal Archive (2006 - 2008)

[mbusch]

Anyone else smell a buying opportunity here?

 

[wave]

ya I liken the long ya.

 

[2006]

Flipping long. Got some off at 59.75.

 

[mbusch]

L 1559.75 small
SS 1558.25 (1.5 points)
PT new highs (6+ points)

{So much for philosophy. Back to tactics.}

 

[Jaxon]

I can't believe this lady on CNBC said she had seen the embargoed NAHB housing market index report (to be released at 1pm) and that it was "significant"

:eek:

Let's see.... this year's numbers were, starting with Dec 06,

32
35
40 Feb
36
33
30
28

clearly trending down since Feb. Anyone think the housing market has turned the corner and the index is higher than 28? 29, or 30 or 27 or even 26 I wouldn't consider significant. Would the market ignore a "25" ?

I don't think she is supposed to say anything about the report - even that she has seen it.

 

[wave]

Quote from Jaxon:

I can't believe this lady on CNBC said she had seen the embargoed NAHB housing market index report (to be released at 1pm) and that it was "significant"

:eek:

Let's see.... this year's numbers were, starting with Dec 06,

32
35
40 Feb
36
33
30
28

clearly trending down since Feb. Anyone think the housing market has turned the corner and the index is higher than 28? 29, or 30 or 27 or even 26 I wouldn't consider significant. Would the market ignore a "25" ?

I've been long in the homebuilders since June 26th into the fall.

 

[JSSPMK]

Come on longs, pile up

 

[Spectre2007]

out..60 minute bar broke trend.

 

[mbusch]

Quote from mbusch:

L 1559.75 small
SS 1558.25 (1.5 points)
PT new highs (6+ points)

Stopped out for -1.5.

This shoots my flag formation all to hell. Color me bearish now. I plan to watch the price action in the 1555-1557 zone; I'll go long on a confirmed reversal there, or go short on a break below 1554.

 

[JSSPMK]

Short squezze will be the saviour for longs, DAX is near lower trend line, S2 holding, ES below pivot and 5 min MACD looking preeeety bearish