ES Journal Archive (2006 - 2008)

[avarus]

This turkey gaining altitude fast.

 

[avarus]

And we thought turkeys couldn't fly.

 

[kinggyppo]

Quote from avarus:

This turkey gaining altitude fast.

My whole board is green, turnaround tuesday. By the way FNM is a GSE (government sponsored enterprise) for those that don't know this; this means they can't go out of business unless the govt. makes them. I think long term this is a great investment to scale in, but this is for a muti year time frame, more pain on the way.

 

[paul_alan]

shorting 1451.3

3 handle stop

 

[avarus]

Here comes the Crude Oil tanker.

 

[mbusch]

B1S2, do you follow the 4-hour (240-minute) ES chart? I'm seeing strong bullish divergence on the 4h, far more clearly than on the daily or hourly. What do you make of this, if anything?

 

[smilingsynic]

A 50% retracement of today's move would be halfway between 37 and 53.25, or around 45.25.

Yesterday's high of 55 is an upside target, and there is a downside gap that won't be filled until it prints 60.25.

 

[mbusch]

Long from 1449.00, don't think this upmove is quite done yet. Late to the party, I know.

EDIT: Out at 1454.50 for +5.5.

 

[mbusch]

Short from 1454.50, small.

EDIT: Critical support level here at 1452. If we can get down through that, we're off to the races.

 

[El OchoCinco]

Quote from kinggyppo:

My whole board is green, turnaround tuesday. By the way FNM is a GSE (government sponsored enterprise) for those that don't know this; this means they can't go out of business unless the govt. makes them. I think long term this is a great investment to scale in, but this is for a muti year time frame, more pain on the way.

Also FNM had no business being in the sub-prime business anyway given its market of qualifying loans and even Jumbo loans. It is good they got hit like this so they can wise up and leave that kind of speculation to the IBs and not someone like Freddie or Fannie who have better purposes