ES Journal Archive (2006 - 2008)

[Spooz Top]

let`s see if the "painters" have another leg left in them......to 16/19

 

[mbusch]

This looks to me like a relatively low-risk short entry. However, it's so late in the day I will probably just call it a day.

 

[mbusch]

Quote from Spooz Top:

let`s see if the "painters" have another leg left in them......to 16/19

MACD divergence and RSI divergence suggest not (to me anyway). At least not in the next hour.

I think Dow +330 ought to be enough for the CNBC crowd.

 

[candles]

Need about 3 more points up to hit my short entry.

 

[smilingsynic]

Quote from Spooz Top:

let`s see if the "painters" have another leg left in them......to 16/19

Yes, IF this doesn't go below 1307 first...

 

[mbusch]

Dammit, I'm having the hardest time resisting going short here. Maybe just one toe in the water?

 

[regal_2012]

this really isnt that big of a rally.

Ive seen one day rallies of 5-7%.Im talking stock indexes not individual stocks.

that right there tells me we have a lot more upside left before we take a pause.

 

[candles]

Quote from candles:

Need about 3 more points up to hit my short entry.

OK, im short SPX here at 1313.2

 

[smilingsynic]

Quote from mbusch:

Dammit, I'm having the hardest time resisting going short here. Maybe just one toe in the water?

I'd wait for the gap up tomorrow morning.

 

[RsX]

Putting in a sell LMT order to 1317.50, stop -4.00pts