ES Journal Archive (2006 - 2008)

[MandelbrotSet]

Quote from Spooz Top:

watching for 1311-13 on next leg should they want to squeeze positioned shorts like a python......1st conservative sell zone.

Wow, remind me never to trade against you.

 

['81packer]

ammo
no confidence in levels today because of FOMC....however
1342
1334
1327
1315 ...kinda like everyone here ..short here with very tight stop
1296
1272
1264
...will not be in after 1:45 est
..let's see

Dang that 1296 worked out pretty good !
Now come on 1327!!

 

[ammo]

sh 28

 

[iloveoptions]

6 points off the VIX today!!! It's highly indicative that an intermediate bottom has been put in, and more than likely, we won't be visiting it anytime soon.

 

[candles]

Shorting the SPX here at 1326

 

[ammo]

out of 28 sh at 30, didnt post earlier but covered 21.5 sh at 23.5 re sh at 30, out 32

 

['81packer]

Ding...Ding....Ding... 34! ..sweet !

....my biggest hurdle ..just trust the numbers

 

[volente_00]

Wonder how many spy put holders got burned today

 

[skyriderfox]

We rallied a bunch today, but I think we see 1348-1350ish, possibly tomorrow, which is a confluence of the 50 dma, tomorrow's R1, and the top of the downsloping line connecting the highs for the past couple months.

 

[tommymoose]

Quote from skyriderfox:

We rallied a bunch today, but I think we see 1348-1350ish, possibly tomorrow, which is a confluence of the 50 dma, tomorrow's R1, and the top of the downsloping line connecting the highs for the past couple months.

I have 1344-1348 ESM8 as the key zone to watch counter-trend tomorrow... for two of the same reasons plus a couple others. However, I think the intermediate trend for the next day or two at least is up, so I wouldn't expect any long term moves off that zone... there will be at least another leg up. I think the best bet is looking for longs on retraces.

Think about the last time we had a powerful news inspired move up similar to today... late January... that took a while to lose steam. I would have loved to see this thing crash through the lows as much as the next guy, but I think the bulls are in control for a little while now.