ES Journal Archive (2006 - 2008)

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Quote from wave:

Take my 5 points or keep holding to higher?
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I was long YM and ES, took profits at 1562 on ES, a little early as i should be sticking to my target of 1566.

Left one unit long, but my analysis is that we see new highs. However, i have banked profit just in-case i am wrong, which i most likely am :D .

I say keep long to new highs.
 
It is really anyones guess at this point. Daily trend is up but we are getting to some very key price levels that warrant a large correction. Today will most likely give an indication of the following week. I am on the sidelines at this point with a small position long.
 
this next move here should dictate direction for the rest of today & tomorrows action.if we get above 66 here...it`s going to be interesting to see if we get a hard sell/reversal bar at around 68/69.....breakout buyers met with stronger sellers.
 
Quote from Spooz Top:

this next move here should dictate direction for the rest of today & tomorrows action.if we get above 66 here...it`s going to be interesting to see if we get a hard sell/reversal bar at around 68/69.....breakout buyers met with stronger sellers.
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yep... 1570 is pretty strong resistance... tough trading here.
 
Quote from apex82:

It is really anyones guess at this point. Daily trend is up but we are getting to some very key price levels that warrant a large correction. Today will most likely give an indication of the following week. I am on the sidelines at this point with a small position long.
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LOL.....same thoughts at the same time...........:cool:
 
spectre2007,
yesterday you said that the warning for the shorts was when price couldn't break lower after 2:30.
Do you think that's the case again today?
 
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