ES Journal Archive (2006 - 2008)

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wheat went limit up 4 days in a rown right into MAJOR resistance on the montly and weeklies. I established a small position short at the 1150 highs with a tight stop.. I am waiting for this market to dip further consolidate, head back up to retest the highs.. when this retest starts failing that is the low risk oppurtunity to get short for a massive multi month decline.
 
Quote from apex82:

wheat went limit up 4 days in a rown right into MAJOR resistance on the montly and weeklies. I established a small position short at the 1150 highs with a tight stop.. I am waiting for this market to dip further consolidate, head back up to retest the highs.. when this retest starts failing that is the low risk oppurtunity to get short for a massive multi month decline.
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Apex: What is symbol on wheat?
 
Possible triple D on 3 setting up, possible HOD touch & slide, anyway still holding very small Short from 1336 :)

Not any more -1 on that one
 
why are people discussing wheat in ES Journal?

anyway, I dont think shorts realise how strong this next rally will be.I firmly believe it kicked off this morning around 10AM.

tomorrow and the rest of the week should see a strong continuation of this move as we erase last weeks losses and start climbing toward 1500.
 
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