ES Journal Archive (2006 - 2008)

['81packer]

03-11-08 11:53 AM

..looking for 1285 - then reversal to long side

...let's see

Dang that 1285 deal was close -- did not get secondary flush to 85
I feel like I am geting it .......slowly
secondary entry @ 92 was good, however

 

[joeyata1]

i'm nominating the rule of 40 be named the "volente rule". since we have the rule of 10,10x2,10x3. i figure adding on more #'s gets confusing. SO FROM THIS DAY FOWARD THE RULE OF 40 IS CALLED THE VOLENTE RULE. CONGRADS VOLENTE as we needed the rule of 40 today

 

[Spooz Top]

ok...it`s awful quiet here...........who`s trapped after that sick run?

mbusch......did you take the cheese or were you able to resist?

tomorrow has all the typical makings of a grind day especially after a run......with every dip is hit with bids & most likely trapped sellers buying to cover.

who`s trapped & where?

 

[joeyata1]

spooz top somebody got reamed today. tons got ripped trying to short the pops especially at the end. i firmly believe were in a bear market but the excitments high here so have to keep your short trades with tight stops

 

[volente_00]

Quote from Spooz Top:

ok...it`s awful quiet here...........who`s trapped after that sick run?

mbusch......did you take the cheese or were you able to resist?

tomorrow has all the typical makings of a grind day especially after a run......with every dip is hit with bids & most likely trapped sellers buying to cover.

who`s trapped & where?

I'm looking for failure at 30- 34 if we get there. charts and options support the failure.

 

[volente_00]

Quote from regal_2012:

just saw that the DJI has had its biggest % rally since March 2003.

and that kicked off a 4 1/2 year bull market.

look it up if you dont believe me.

Pure coincidence it happened on a T day ?

 

[gwac]

Short small here, stop above 30, looking for a small pullback to the high teens. Think you are right, we will grind higher tomorrow.

Quote from Spooz Top:

ok...it`s awful quiet here...........who`s trapped after that sick run?

mbusch......did you take the cheese or were you able to resist?

tomorrow has all the typical makings of a grind day especially after a run......with every dip is hit with bids & most likely trapped sellers buying to cover.

who`s trapped & where?

 

[princessa]

Quote from tommymoose:

I've been super-busy and haven't been able to trade much recently but I just gotta chime in here after looking at the charts. Shorts may want to tighten stops around here as we look ripe for a 30-40 point rally up to ~1305 within the next few days. If we don't make the U-turn during AH tonight and into tomorrow, theres a good chance it could happen tomorrow morning if we make one more dip to ~1262-1268 IMO.

good call, dude....

 

[princessa]

Quote from mbusch:

Wow, I can't believe it. Went long at yesterday's close at 1275. Just sold half at 1307 for +32! Still holding half long.

When's the last time ES gapped 30+ points? That's extraordinary.

EDIT: Other than over a weekend, I mean.

great job, mbusch.

nice to see you back....

 

[princessa]

okay, here's what i expect:

1. up tomorrow
2. flat for 1-2 days
3. down hard; target: 1150-1200

the second step may be skipped, leading to a huge drop on the third day (i.e., day after tomorrow).
the third step is a somewhat wide range, but depends on how cagey they want to be and where you think the measured move is. also, oe next friday means they reverse course next week early on (tuesday or so, give or take a day).