ES Journal Archive (2006 - 2008)

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Quote from mbusch:

I'm short from 1444.00, target somewhere below 1430. WIll probably hold into AH if we don't get there in the next 20 minutes.
Closed out short at 1433.75 for +10 as momentum takes a pause here. May try to re-enter short higher for hold in AH.

EDIT: Short again from 1433.25. 6-tick stop.
 
by looking at other markets you can tell ...liquidations of everything is occurring, major trend reversals.. in most macro markets... funds trying to raise cash levels.
 
major blow to sentiment, blow to sentiment is the worst thing that could occur to a market..usually if its caught fast enough, it could be rescued similar to FEB decline.. but this decline loooks like the extended summer-fall decline of last year.. when sentiment sucked.
 
Quote from Spectre2007:

next support at 1410.

bigboys are frozen....locked in a mental mind loop..the lower it goes, the more losses....and more redemptions.. cascade.

Market is trying to break 1430 on ES, seems only a matter of time? Even though this might be the case, I think we are making a bottom here. I'm looking to get long here overnight for 1 contract (in case I am wrong) a small position for a bounce back rally. Placing trade here by 4:15 EST.

EDIT: well I guess there is always tomorrow, I didn't get the position, was too greedy trying to get something below 1430.
 
Quote from jagmot:

well I guess there is always tomorrow, I didn't get the position, was too greedy trying to get something below 1430.
You may just have been lucky. :)

AH should be interesting.
 
Quote from jagmot:



EDIT: well I guess there is always tomorrow, I didn't get the position, was too greedy trying to get something below 1430.

CPI tomorrow 0830hrs. What are the chances for a big gap down open?
 
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