ES Journal Archive (2006 - 2008)

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Looks like the Russell has found a little support and is providing some lift for the ES. look for some jumps in volume off the 1min to support entry at these levels. Its a holiday weekend as well.

At this point their is very little paper coming in the ES and the locals will be running for the stops.
 
Quote from Mike Okistini:

My question has been where is the justification for the longs here that is all. No holier than thou or claiming I made the call the go short a long time ago as I am not posting any trade here.

There has been a lot of good analysis and right now all I see are long calls without justification in front of a train heading lower.

The question is a good one given the longs keep getting stopped out here while the only one who grabbed some short profits here has been Apex.
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How are the big boys gonna buy it back cheaper if they don't gap it up. A pattern you see alot in this market, not just futures is a gap up for no reason followed by an all day sell off. Just got back to the office and without looking at a chart I assumed the gap started filling. So far we have not held the highs on es who know what the future will bring 1380 or 1600. I like being on the long side when the bears cover, to me one of the safest trades out there due to velocity.
 

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