ES Journal Archive (2006 - 2008)

ericta · Sep 25, 2007

Quote from saxon22:

AH should be interesting today. ES will probably get pumped for another 5 to 10 points and the morning crew will deflate it with some help of bad news, bad earnings ect.

How's so?

volente_00 · Sep 25, 2007

Quote from volente_00:

I'll have all you want to buy at 32 later in the day.

My apology to apex, I was wrong by a point.

saxon22 · Sep 25, 2007

Quote from volente_00:

My apology to apex, I was wrong by a point.

How do you see AH action tonight? I vote 5 to 10 points up. After last night, they will think twice before shorting it.

volente_00 · Sep 25, 2007

Quote from saxon22:

How do you see AH action tonight? I vote 5 to 10 points up. After last night, they will think twice before shorting it.

I will tell you my exact trade, but others may argue that my words meant something else so how will you know that short means sell and long means buy ?

volente_00 · Sep 25, 2007

shorted 30.5

stop 33

target 28.5,

then 20

h and s bottom becomes resistance

previous support becomes new resistance

http://quotes.ino.com/chart/?s=CME_ES.Z07.E&v=w

tommymoose · Sep 25, 2007

Today looks alot like 7/20-7/23 to me on the hourly.

I'll gladly get short at 1541-1544 with a small stop if we get up there.

saxon22 · Sep 25, 2007

Quote from volente_00:

shorted 30.5

stop 33

target 28.5,

then 20

h and s bottom becomes resistance

previous support becomes new resistance

http://quotes.ino.com/chart/?s=CME_ES.Z07.E&v=w

Interesting that you think/predict that ES is going to drop 2 points and then go all the way to 20. While going to 28.5 is possible, hitting 1520 in AH sounds impossible to me. As for now market is still climbing and just hit 1530.75. I think we will see 1535 - 38 by 5 AM. Time will tell

Edit: 1531 and .... still climbing.

volente_00 · Sep 25, 2007

Quote from saxon22:

Interesting that you think/predict that ES is going to drop 2 points and then go all the way to 20. While going to 28.5 is possible, hitting 1520 in AH sounds impossible to me. As for now market is still climbing and just hit 1530.75. I think we will see 1535 - 38 by 5 AM. Time will tell

Edit: 1531 and .... still climbing.

buy the 31 if you are bullish then, I'll sell you some.

My analysis shows that this will get to 33 at most tonight. Maybe I am wrong, but that is what stops are for.

My 20 target is by the close tomorrow not in ah.

saxon22 · Sep 25, 2007

I am already in, and rather heavily I might add. I think that all the bad news have already been included in the current price and Asian traders will pump it up, thinking WED will be a continuation of TUE at the close.

I was right 100% yesterday and we will see in less than 14 hours who was able to predict tonight's movement. Should be fun!

edt: 1531.25 and climbing!

volente_00 · Sep 25, 2007

Quote from saxon22:

I am already in, and rather heavily I might add. I think that all the bad news have already been included in the current price and Asian traders will pump it up, thinking WED will be a continuation of TUE at the close.

I was right 100% yesterday and we will see in less than 14 hours who was able to predict tonight's movement. Should be fun!

I don't trade to be right. I trade for the love of the game.
That was a nice short you had from last night.

For your case there is a ascending triangle that can be bullish.

Good luck