ES Journal Archive (2006 - 2008)

[2006]

Looking for new highs, if this starts running watch out shorts.

 

[apex82]

Quote from mbusch:

If I was scalping, I think I'd go short here.

Speaking of which, where's Oso?

DB my friend... I wouldnt short with a 10 ft pole

1570 here we come.

 

[mbusch]

Quote from apex82:

DB my friend... I wouldnt short with a 10 ft pole

1570 here we come.

When you're right you're right. Glad I wasn't in a scalping mood.

NQ is at new contract highs now. ES has to catch up.

 

[smilingsynic]

Quote from mbusch:

When you're right you're right. Glad I wasn't in a scalping mood.

NQ is at new contract highs now. ES has to catch up.

Think for yourself already.

NO ONE knows if 1570 will be reached in five minutes, five hours, five days, five weeks. If they did, it would be there already.

 

[apex82]

shorting NQ here at 2061

stop 20604

1st target 2040

tough situation... nq looks good for a very large decline while ES looks bullish...

 

[2006]

Took 1/2 off at 62.75. Pretty much done for the day

 

[apex82]

Quote from apex82:

shorting NQ here at 2061

stop 20604

1st target 2040

tough situation... nq looks good for a very large decline while ES looks bullish...

closing out nq for a small profit... I drew the sr level wrong.. I was wondering how the divergence could have been so great...

 

[2006]

Flat @ 64.25. Before anyone starts bitching -- Yes I did get filled at that price.

 

[mbusch]

Quote from smilingsynic:

Think for yourself already. NO ONE knows if 1570 will be reached in five minutes, five hours, five days, five weeks. If they did, it would be there already.

That strikes me as a pretty useless comment.

Long history of ES action lagging NQ. Since NQ just made new contract highs, it doesn't seem unreasonable to expect ES will do so as well. Certainly not a sure thing, but a reasonable expectation.

 

[apex82]

Here are the levels to look for....

YM-14161

ES-1576

NQ-2068.50

I will be creating a bearish position once those targets are reached...