ES Journal Archive (2006 - 2008)

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Watching for the 1377.00-1380.50 area as an important resistance for tomorrows trading. Would be short around 1378-1379 on signs of first weakness, to ride a downmove of about 20 points from there.

Also, longs from around 1342-1345 look good to me for now.. to ride it up to that 1380 first.
 
I would expect lower trading in the overnight given that we formed a classic "P" pattern in the day session.......
Quote from Pholeuon:

It looks to me like tomorrow we will gap up. Do you have same feeling?
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from sep of 03 to oct of 06 we were in a channell(spx),from oct 06 to dec 07 we had an irrational exhuberance bubble,jan 08 we broke supprt of bubble and traded down and thru support of 9/03- 10/06 channell bottom,that line today comes in at 1361, todays res line. If we go up from here next res line is at 1384,then 1395,then 1424, these are all upward trendlines on a weekly,1384 on a weekly is 3/07 and 8/07 lows,1395 is feb hi and 1424 is 3/07 and 11/07 lows, if we are in a bear mrkt and if its not over we should see big sellers between 1361 and 1384, ,sorry can't send a graph but this will give practice to those learning trendlines . When i get a better computer i'll practice on that.
 
... nice one B.....
.... and nice class.......
..... hopefully you can rack up some more on the next run.....
Quote from Buy1Sell2:
Stopped myself out this morning. Roughly 140 points profit on 2 commissions. No ES position for now, I will look to get short again in the future. No longs for now. :)
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Quote from atticus:

Rule of 10 short at 1335! lmao
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Since when does 28.5 + 10 = 1335 ?



Are you sure you are not laughing about march's 85 point range prediction after blowing it by 50 + points and saying I was crazy for saying 120.



Quote from atticus:

wow. How incredibly astute and of great predicitive value. So you're stating that the SPX will trade within a 120-point range? Funny, as vol predicts an 85-point range based upon March vola.

You really went out on a limb.
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