ES Journal Archive (2006 - 2008)

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Helluva a football game we're watching here. 1550.25 is definitely the line of scrimmage. The opposing teams seem remarkably well-matched.

I rather hope the hooves win because I hate switching teams in the middle of a game, but I''ve got an SAR order placed to do just that should the paws prevail.
 
Hate to say it, but I just SAR'd from long to short. :eek:

EDIT: You know, this is getting downright aggravating. I guess short is better than long right now, but I've half a mind to go flat, go cook an omelet, and let this market try to make up its mind what it wants to do.

And we were having so much fun.:p
 
I think a case could be made that we're just completing a right shoulder. I was tempted to go long but I think I'll stay flat until things get clearer (if they ever do).

If it turns out we're going up and the H&S is a head-fake, I'd hate not to be on board when we run the stops at 1457. OTOH, if it turns out we're going down, I'm not sure I'm comfortable being short right before FOMC day.

Decisions, decisions...
 
Quote from Spooz Top:

70/75 on the horizon?...30 min wedge says it`s likely if we stay range bound.
with a pause/reaction at 55 pivot...wich is also the 50% fib from friday hi/today lo....so far.

will need to trade above 55 with strength to get there.....if we do,i`d be looking for a hell of a ride down to 25 +.
More...

55/56 was a nice reaction point & i`m sure they`ll find a way to jam it up to 70......once they get clearance past 56.75.
 
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