ES Journal Archive (2006 - 2008)

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Quote from vertigo3:

B1S2,
could you offer some sort of analysis relative to your recent predition:

"We go lower here."
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Above 31 could be a nice short. And if you want a rush while your pressing it play this below.

Albeniz, Isaac
Cantos de España: Córdoba, Op 232, No 4 (orch de Burgos) State of Mexico Symphony Orchestra
 
Quote from vertigo3:

B1S2,
could you offer some sort of analysis relative to your recent predition:

"We go lower here."
More...

My method has been described nearly in it's entirety here at ET. A quick look at a chart now should reveal what I am thinking and why at any given time. :)
 

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Quote from Buy1Sell2:

Let's work on calls in real time and analysis of future moves.
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In that spirit...

A 50% retrace of the downmove from the 1558.75 swing high to the 1508.00 low made this morning in AH would put us at 1533-1534. That correlates with a strong S/R level that has been a factor numerous times in the recent past. If we rally today into the low 1530s, that would be an excellent low-risk short entry IMHO.

I closed out my full short position before yesterday's close, but left a small short position on in the form of SPY 140 puts. I plan to add to my shorts today if we get back up to the low 1530s.

Unless we fall off the cliff today and get below 1490, I would anticipate holding a short position over the weekend.
 
Lows in the 1490's must be taken out at some point for the rally to continue. Well, maybe not "must" , but a very good likelihood. Do I mean today? I have no idea--


Never risk more than 2 percent of trading capital on any one trade/idea.
 
.... agreed.... as 33.75 is the bottom of the last diamond....
Quote from mbusch:

If we rally today into the low 1530s, that would be an excellent low-risk short entry IMHO.
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