ES Journal Archive (2006 - 2008)

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for this market not even able to retest the 60 swing hi is flat out pathetic & weak....i`ll be looking to sell the hell out of it from here on out.....
 
Quote from JimmyJam:

It's a call ... grow a pair and make your own.

JJ
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Quote from MiniDowTrader:

Descending triangles tend to resolve to the downside....
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Quote from MiniDowTrader:

If this bum gets up off the mat and gets back to 45-46 it could go down again....maybe for the 10 count this time! :D
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Do you want me to hop in the SUV and drive up there to NY and push the buttons for you? :D
 
Quote from MiniDowTrader:

Do you want me to hop in the SUV and drive up there to NY and push the buttons for you? :D
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:) ... the last time you were in a trade, I was talking you through it son.

You might have gotten some skils since then.

JJ
 
My work shows a very strong S/R zone in the 1448-1450 area. We penetrated that zone on a spike Friday morning when the Fed made its announcement, again late in the day Friday, and yet again in the pre-market this morning, but could never get any real upside momentum going. About 9:45 this morning, ES descended into this zone, fought with it for about 2 hours, and then dropped below it fairly decisively. As long as we remain below the 1448-1450 area, I'm looking for lower.

I went short at 1445.75 at 11:51 am with a 6-tick stop, then quickly lowered my stop to breakeven.

I'm showing some support at 1421-22, 4210-11, 1389, and very strong support at 1377-73.

However, this downmove from 1450-48 has been a little underwhelming, so a retest of that zone is certainly a possibility.

Last paint 1438.75 (+7). Looking for a re-test of LOD at 1437.25.
 
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