ES Journal Archive (2006 - 2008)

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the politicians basically pilfered the Treasury, ...a heist of the century, billions in profiteering...missing.

corporate america is no different.
 
Our gracious host B1S2 hasn't posted for quite awhile, but if he stuck with his full-position short from 1511 (as I suspect he did), he made 30 points today. Congratulations, sir!
 
Quote from apex82:

I have to say my anaylsis on 3 of the 4 markets is pointing for a continuation to the downside. The area to watch will be the mid 1520's-1530. Hopefully the market can muster enough strength to get up there so I can look to get a nice position short for the next leg down. However, looking at the globex it looks like I may have to enter intraday on a short setup and may not get my sweet spot entry... time will tell.

Minimum target would be in the 1460's but could definately be a move below 1400...

If the market blows through 1520-1530 without any weakness bias switch to bull side for the time being.
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11-06-07 09:56 PM

Tomorrow is looking like a serious down day if they hold this 1526 level... odds are we move to 1460 minimum if they hold 1525-1535. Depending on where we open tomorrow I am looking to get in on my first signal and hold short. This is looking like the classic pump and dump.. knock out all the novice shorts on break of the prior bar high, getting whole world long off a DB.... and then bam nail it... Just ranting but tommorow could be interesting


Before....

http://elitetrader.com/vb/attachment.php?s=&postid=1666482

After is attached....

any questions? :) Glad to get a nice piece of this move however have missed the quite a bit of the last 10-15 pt drop..

nice job mbusch,spooz we nailed this one.
 

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Quote from avarus:

Now I start building the long position.
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I have my levels at which I am looking to buy (mid 1460's, mid 1440's) but I am in no hurry. In the coming weeks there will be plenty of low risk areas to buy (and also to sell). :-)

Good trading today, guys.
 
I wouldnt be surprised if we saw 1430 tomorrow.... looks to be starting a wave 3 to the downside off a daily chart..

1460 is the deciscion point... either they hold it.. and new bull move or if it fails we most likely crash below 1400.
 
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