ES Journal Archive (2006 - 2008)

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I'm done shorting for the day. I will short another retest of the 50 day MA.

10 point counter swings can be expected with the current volatility state intraday.
 
Quote from apex82:

look out below just added my bearish position when 1555 didnt hold This could be the top and I am playing it as such. I will cover if it get back above 1555 until then 10% correction...
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I hope some of you guys caught this with me..... I had been anticipating it for a long time on this journal...

I am still short from the day of the first drop on ym and es as well as bought a shitload of puts... All called out ahead of the time on this journal with prices and stops..

I am starting to take the majority off here and will wait to get back in at higher prices.

We will probably get a pretty good rally soon. I would like to get to 1491 before looking for a longer term long though.
 
Quote from paul_alan:

you called it apex! well done. unfortunately for me I was on the wrong side of it today... Beaten up badly.
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thanks man... well I would start looking for longs later today and tomorrow.

If this 1491 area holds I see a 40 point rally on the horizon and the best trade is a long into a short covering panic.

The best would oppurtunity would be one more low and wait to see if buying comes in.
 
Quote from Jaxon:

1492.... the year Columbus discovered America. Also today's low, also 6/27 low. Number was familiar for some reason.
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Interesting how the market keeps rejecting this close.
 
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