ES Journal Archive (2006 - 2008)

[smilingsynic]

Quote from mbusch:

Don't know what you guys were seeing. I didn't see it, but you were right: just got stopped out of my short from 1413.75 for -1.5.

I was seeing the same as everyone else (short made a little), but 15 marks a 1-2-3 bottom.

 

[opt789]

BAC says oops we made a terrible investment in CFC so I guess we just have to buy the whole darn thing.

 

[smilingsynic]

Quote from opt789:

BAC says oops we made a terrible investment in CFC so I guess we just have to buy the whole darn thing.

WM is up huge too. XLF (financials) and XHB (homebuilders) ditto. They have been dragging this market down like those necklaces Mr. T used to wear on the A-Team.

 

[StockyIrishman]

Quote from opt789:

BAC says oops we made a terrible investment in CFC so I guess we just have to buy the whole darn thing.

ya thanks,... got out of my from at 10.25. argh.!

 

[Lawrence Chan]

Quote from opt789:

BAC says oops we made a terrible investment in CFC so I guess we just have to buy the whole darn thing.

Reminds me of Pets.com and Petstore.com merger

There is a big IHS across the past few days using RTH data only.

And the right shoulder cannot go lower than, you guess it, the low around 14:00 ET, which is also 50% of the leg up so far from the bottom yesterday.

 

[mbusch]

If we're all looking at the same IHS, then its upside target has been met.

Short here from 1422.75, small.

 

[mbusch]

Quote from mbusch:

If we're all looking at the same IHS, then its upside target has been met.

Short here from 1422.75, small.

Crap! Sopped out for -2.

I'm clearly out of the zone now, so I'm going to take a break and likely done for today. I'm positive on the day, but nothing to write home about.

 

[TraderStavros]

Quote from mbusch:

Crap! Sopped out for -2.

I'm clearly out of the zone now, so I'm going to take a break and likely done for today. I'm positive on the day, but nothing to write home about.

Didn't that last leg have way too much volume for an IHS? I'm new to charting so feel free to slap me down and call me an idiot!

 

[Mins]

Quote from mbusch:

If we're all looking at the same IHS, then its upside target has been met.

Short here from 1422.75, small.

I would never want to short a range expansion like that, dying to get long on any retrace.

Maybe you let your previous short bias get the best of you on that one.

 

[Mins]

I would never want to short a range expansion like that, dying to get long on any retrace. Was long from 1410.50 and added more and 19 myself. All out at the high of day, still expecting more upside.

Test of the high of day was inevitable.

Maybe you let your previous short bias get the best of you on that one. [/B][/QUOTE]