ES Journal Archive (2006 - 2008)

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Quote from RsX:

Pivot re-tested and failed on 3min/5min chart. Short 1359.00 with a stop at 1362.25 (-3.25pts). Target 1349.00 (+9.00pts)
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Stopped out for -3.00pts, 1 tick positive fill. Concentrating on other stuff, so clueless for now.
 
Quote from kinggyppo:

look at your pivot points for today.
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You mean the 1370/1354/1350 ? Those are my pivot points (key levels) for today, basically.. 2nd time failure at 1368-1371 leaves me expecting a breakthrough, if we reach that area again, so ... not shorting 1370 anymore. Not buying 1354/1350 either today anymore, except for covering my shorts.

Currently one more short in from 1362.00, with a -2.75pts stop. Reacted to 5-min chart weakness around a 61.8% fib, but nothing really impressing there.. just following the bias that was confirmed when we dropped from 1368-1371 for the 2nd time in the last 5 trading days.

If stopped out on this one, then I really have no clue. Until then I'm still leaning short and expecting 1350/lower by today's end, as stated earlier today.
 
ask yourselves how many people went out and bought a computer or a printer within the last few months...

and how many businesses did the samething?...

then you know what HP earnings will be like...and the future for the next gap.
 
Quote from ammo:

bonds keeping puking, no expected int rate cut, why dow and spus are not pulling back,any clues
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markets running stops... the recession story puts bullish weightings on positions...so this quiet period is being used to run stops of some of those positions..
 
crude @ $100 & daily looks bullish, don't know about HP as a lead, but if crude BO above 100 wouldn't that be more of a bearish indicator on S&P?
 
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