ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

so how many people are shorting this? :)

cost avg @ 14.50......stop just above HOD........target EOD or into tomorrow.......30 min sell signal....i have no prob taking a 2pt loss in R/R terms.
i actually expect to be stopped on this one & maybe the next couple or tries......but i`ll be there for the slam dance.
 
Quote from Spooz Top:

cost avg @ 14.50......stop just above HOD........target EOD or into tomorrow.......30 min sell signal....i have no prob taking a 2pt loss in R/R terms.
i actually expect to be stopped on this one & maybe the next couple or tries......but i`ll be there for the slam dance.

I'm waiting for the trendie test.
 
Quote from Spooz Top:

or did we kiss the channel from down under?

yeah, true.

looking at other markets they had failed range expansion days.

strong indicator of intent in ES. I would love to see it come back and break into the 1440-80 range, secondary to long term expectations of mine. Sitting on too much cash, want to load up at lower levels.

there are hundreds of billions of dollars in SWF's that are looking for higher rates of return, eventually US equities will look very attractive, secondary to dollar discount.
 
Interesting confluence of opinions:

Quote from apex82 on 10-19-07 about mid-day before we fell off the cliff:

Not buying the index's just yet... just arranging a portfolio of stocks all long. The crux resistant point is in the 1533-1538 area. Probability of a retest or new lows from that area. After that area is used up as resistance then I will be buying the index futures.

Quote from Spectre2007 on 10-22-07:

Whats the goal of ES?...1533 test.

What's the chance that the market will first make Spooz Top happy, and then turn around and make Apex82 and Spectre2007 happy? :)

I'm not trading this week or for the next two weeks due to travel, but I am looking to put my retirement plan portfolio back into equities at the right time. I almost jumped in at the open this morning, but decided to watch for awhile instead.
 
ImO it's yet early to expect a reversal, how does Buy1Sell2 call it, festering? Logical to expect more downside before a bounce that would lead to a reversal.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1650299>
 

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