ES Journal Archive (2006 - 2008)

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Near-term resistance = open gap = 1459

Recent low = 1385

Today's high (right by 3 day high) = 1436.25

1436.25 - 1385 = 51.25

1459 - 51.25 = 1407.75

1407.75 area = nice spot to buy
 
Quote from RichardRimes:

Tonight ES is ~1419...why not sell?


Because the R to R sucks on that short. Cash closed at 1420. ~ 1427 Es


By selling here you are giving 8 points away hoping the gap down continues.


My analysis says this is a long here at 1418.75


1436 - 1401.5 / 2 = long on a 50% retracement signal


I see cash moving to 1439-1440 area.
 
mr volente you told me to buy at 18.75 and now 14.50 on the rule of 10? what about the rule of 2,4,20 and 30?i took your 18.75 signal and lost my rent money
 
Quote from joeyata1:

mr volente you told me to buy at 18.75 and now 14.50 on the rule of 10? what about the rule of 2,4,20 and 30?i took your 18.75 signal and lost my rent money

Did he give you money back gurantee? if not then why you are complaining?
 
Quote from no-problem:

Any news after hours, I mean right now, Amex news is old now.

"Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate..."

This might be it.
 
Quote from TL Trader:

"Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate..."

This might be it.

Thank you very much
 
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