ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
anyone besides me think the smart money is buying here, and have been buying all morning?

seems like a positive announcement is imminent,or maybe they're buying for tomorrows bulli$h report.

Gasparino never responded to my emails.I dont blame him.He must be getting more fan mail than Cramer right now.Probably a few death threats too.
 
Black stopped right at 1343 and foot soldiers went short again at 1343. Black had two opportunities to lock in 23 pts x 2. Foot soldiers same opportunity on short side. 1320 and 1343. There was significant volume on the break below 1320, we should keep dropping here with a target of 1250.
 
Quote from regal_2012:

anyone besides me think the smart money is buying here, and have been buying all morning?
More...
If they're buying, they aren't buying much. :)

Oh damn, broke the rule again. :eek:
 
And the same ol' saga of "sell the rip, bury the dip" continues. I think this market wants to go down to 1300 before any negotiation can be held with the bulls. Of course, neither side is taking any prisoners as witnessed the past 2 weeks.
 
Quote from avarus:

hey mbusch, long time no see :)
More...
Yeah, I was travelling, lurking occasionally but not posting. Back for about a month and a half before I travel again. Been trading every day this week. Gone tomorrow, but I'll probably just leave a swing trade short. This market wants to be in the 12s, not the 13s.
 
XLF making 1-2-3 bottom off of morning lows.

1322 area looks like low-risk place to short. S2 probably later rather than sooner, now that market is closer to S1 than to S2.
 
Quote from mbusch:

This market wants to be in the 12s, not the 13s.
More...

By all means, considering that there are only 20 points to the downside before we cross into the 12 territory. But if the past is of any indication for the future, I expect Bernanke & Co. to make another emergency rate cut as we retest the January low. Let's not forget that we're in an election year.

I had 1300 in mind as today's low.
 
stepping in here at 1315 for a position trade.... looking for this to be the buy of the year.... stop will be placed at 1308.75

1st target in the 1430 area...

If wrong will take my loss immediately..

cant pass up a 20:1 RR

I am long term bear and still have half of my call spreads from 1390..

The market seems heavy to me but that is just my internal thinking.. This is just a low risk for high reward trade with a nice setup. They are not 80%+ but it only takes one to make a good year.
 
Status
Not open for further replies.
Back
Top