ES Journal Archive (2006 - 2008)

[Spooz Top]

moved trailer down to 05.25 on remaining 1/2.....perhaps to tight but if they can get me there ,they can have it.

 

[mbusch]

Raised SDS stop another 30 cents to 52.80. Unfortunately, I'm NOT seeing the bearish divergence I'd like to see here for another leg down.

BTW, I tried to sell another 1/3 of my position near LOD (at SDS 53.50) but the damned computer locked up during the volume spike and I had to reboot and missed the exit. I think a faster CPU is in my future.

 

[apex82]

as of this point not interested in getting short until at least 1510-1513 and even then will be waiting for PA to assist my entry.

 

[mbusch]

B1S2, you still short full position from 1511?

 

[mbusch]

That spike missed my stop by one penny. (Low 52.81, stop at 52.80.) Still not seeing bearish divergence, so I figure it's only a matter of time (not much) until I'm stopped out. Then again, maybe the Plunge Promotion Team will come in and rescue me.

 

[smilingsynic]

1501 area represents(ed) 50% retracement from afternoon low.

 

[mbusch]

Looks like I got stopped out of my remaining SDS position at 52.80. Guess I can't complain. Now flat.

(Now watch ES drop like a rock.)

 

[smilingsynic]

On a 60 minute chart, it is going to look like an upthrust (failed breakout to the upside).

 

[Spooz Top]

02.50 hit to tic = 40% retracement..........yesterday swing hi/todays swing lo....sellers were waiting right there.

edit: trailer moved down to just above that swing hi....03.25

 

[apex82]

looks like I was a day early on shorting the candian dollar.....