ES Journal Archive (2006 - 2008)

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Pekelo (Oct 2, 2007 9:35:30 AM)
sideways consolidation expected

[SPX closed at breakeven]

Pekelo (Oct 2, 2007 4:09:12 PM)
I say the Dow drops 200 points in the next 2 days

[we shall see]
 
Much as I suspected from yesterday. Took it easy today. Barely touched '60. Not a full reversal, but still good. The pivots were banded close today, which meant on the look out for a break up/down but more likely stuck in range. Still waiting for full '50 (1st Support).
Swing trade day 2 short.
 
Hey Vol, you still trade the midnight hours?

Looks like you got a buy coming up @ 155.75.

Couldn't resist, you know it takes a couple to wind down after the J.O.B.

Good trading,

JJ
 
Quote from Pekelo:Pekelo (Oct 2, 2007 4:09:12 PM)
I say the Dow drops 200 points in the next 2 days
More...

I don't know if we get the full 200 points, target is 13900 on cash (SMA 9 line on daily), but if you shorted when I posted you should be up 6 ES points...
 
Holding the NQ long and the smaller ES long positions here. I view this as pullback just like a couple of days ago. I believe it to be consolidation from the Monday charge. Short side trading would not have allowed me to spend as much time away from the computer for about 6 points as we speak. Looking for the bigger long term gain on the upside with the full NQ position on. :)
 
100 pts Dow?

6 pts ES?

Major unlimited upside?

Whew!

I wish I could trade like you guys.

Pue guerrilla trader here. Hit-and-run for 1 to 4 points ES or the NQ/YM equivalent, and I'm frosty.

Do that often enough and you'll be able to make some serious change.

Everyday

Good trading,

JJ
 
When the hourly chart is negative like it is and the 10 minute has not consolidated fully yet, you will be stopped out on the long side with a close stop every trip of the train.
 
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