ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

people won't want to hold anything going through the weekend.
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You mean hold LONG? I'm seriously thinking about holding SHORT over the weekend.
 
.... seems like... market won't go ahead and drop all the way here ....
.... because it could do more damage to more accounts by making a run up
....and coming back later....
.... not a prediction.... just a thought
 
Quote from apex82:

short agin here at 1525.75

stop at 1528.25

target 1524-1525

edit: only able to get half my orders out at 1525.... sold into panic... dumb play. I knew I was wrong. leaving stop where it is due to probabilities however not conformatble on the trade whatsoever.
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there we go missed stopout by a tick taking second profit here at 1524.75 holding last unit short for new lows with a BE Stop
 
Quote from kinggyppo:

I know, I always think of it is cash, sorry. Hasty posts today!!
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gotta love these markets all markets moving currencies, oil etc.. so much to trade
 
sold 35's bought 26's... all cash in equity allocation accts.

done for the day, will leave the last move for others,

close family n friends in full cash positions, itching to buy it.
 
Intermediate-term perspective: Measured move calculation...

HI 1586.75 (10/11/07)

LO 1492.50 (10/22/07)

HI 1557.75 (10/31/07)

--> Projected LO 1464

Coincidentally, 1464 would be precisely a 61.8% fib retracement of the advance since the August swing low before the first Fed discount rate cut. Nice confluence there.
 
I hate to say it but if this market negates 1524-1525 zone we are most likely looking at a decline of 100-200 pts..... The trend is your friend until its about to end... If this zone is taken out it is leaving a big clue. Now by taken out I mean a confirmed move below. One instance, would be a 60 min bar that opens below the zone and closes below it without trading into the area of the zone, also known as a breakoutbar.

Until then... the market could still move to new highs
 
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