ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Still long from 1562.75.
Next measured move target calculates out to 1572.50, which corresponds exactly with a 20-point gain on ES from yesterday's close (4:15 ET).
A 20-point gain on the S&P cash would put us at 1567, which corresponds to about 1578 on the ES.
Not predictions, just targets.
On the assumption that the lunchtime action is just a "pause that refreshes," I'm holding onto my long unless I see some real signs of selling coming in.
Next measured move target calculates out to 1572.50, which corresponds exactly with a 20-point gain on ES from yesterday's close (4:15 ET).
A 20-point gain on the S&P cash would put us at 1567, which corresponds to about 1578 on the ES.
Not predictions, just targets.
On the assumption that the lunchtime action is just a "pause that refreshes," I'm holding onto my long unless I see some real signs of selling coming in.
"Fear when you should hope, and hope when you should fear."
Can't remember who said that but I try to trade by it.
Can't remember who said that but I try to trade by it.
Quote from saliva:
I'm short at 67. I hope it tanks from here down to 60.
If you're nimble enough and trade what you see, that could be a wonderful scenario!Quote from saliva:
The worst case scenario would be to mirror the 10-point morning rally in the afternoon and end the day at 1580, as expected by the eternal bulls.
Remember those marvelous days before the Fed eased when you could trade three coast-to-coast moves a day?
However, on a Friday before a three-day weekend, I'm skeptical.
EDIT: I think the boys are back from lunch.
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