ES Journal Archive (2006 - 2008)

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this could be a bloodbath for the shorts.



QUOTE]Quote from gwac:

totally BS that AMBAC rescue was known!!!!!!!


total crap [/QUOTE]
 
JSSPMK
does it again.
kudos
(and he probably just got back from the pub with a couple of pints in his belly and just happened to look at his charts and said, hey, I like that divergence on the 5, I'll go long!

congrats.:p
 
Quote from arealpissedgoy:

controlled sell off all day.

There is no clear signal. I mentioned the 1333 magick number on a Sunday post, I'm expecting buyers here however it's Friday and most traders will not hold this market over the weekend. I'm neither short nor long at this point, but expecting buying shortly.
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I was writing the above when ES was 1332. Went long at 1334 ( lol, slow reflexes )

Now flat at 1345.50. Never post while waiting for a trade, probably lost 1 handle making the post. lesson learned. Have a good weekend all.
 
Quote from gwac:

Somebody does not want it below 29 for some reason. I find it hard to believe it was to engineer a false break on a Friday afternoon.

This could have easilly gone to 20 on a break. Makes you wonder.
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Yes, it does. Maybe I've underestimated the game playing that goes on. Looks more and more like pro wrestling all of the time.

Wonder who booked this afternoon's match?

Ironically I was anticipating a false breakout to the upside and then a major washout that would sting the bulls all weekend (straight out of the playbook--Friday decline; Monday gap down, goes up for the week), and they gave us a false downside breakout to the opposite direction.

Wyckoff and the old time technical analysts who believed in the pre-FDR days that markets were engineered are long dead, but they are still very much right.

Have a nice weekend.
 
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