ES Journal Archive (2006 - 2008)

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shorts might cover in this because fed might start shaking its stick. still no position. i had a short on rimm and it went against me but i got out breakeven...now look where its at :(. sheesh.
 
Yeah true monday will show some early morning panic selling. I just might stay short over the weekend.


Ammo,

Your adding to that long. You holding over the weekend?
 
75% of time ,when trin is over 2.00 on close we rally next morning and no on the spus ,yes on the 136 calls in spy think 8/1 on dvol uvol is too strong for a rally, now just want a bounce to get out,ge is rallying a little
 
Quote from vertigo3:

ES gap is 1338.00 to close of mar 31 at 1321.75. you're charting service might show close of 1324.00 for mar31, that is special end of month adjustment.

support inside the gap starts at 1330-1328, but a print below the 1330.25 level (although it might produce a short-term bounce) a print below 1330.25 would increase odds for a complete fill, at least to the high of the last 5 minute bar on mar31 (1322.75)

to me, this market has earmarks of panic sell on Monday. but I let the market show me and try not to pay too much attention to what I think. in the immortal words of Joe Ross, "trade what you see not what you think."
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A 50% retracement of the move (ES) from 1257.75 to 1389 (RTH only) would take it to around 1323.75.
 
the only thing on monday is the march sales and i'm sure they are already baked in. i think we might be up in the morning then fade. just my take.

always let the market confirm that tho
 
Knew entries were early, but oh well only a couple points. Will wait for a double bottom, which I think is coming up soon, then, I'll add positions. Don't think this retracement will pass 42-44. Good place to exit for the day.
 
All I know is if we close below 134.00 and gap down on monday I will be buying the shit out of it.

TRIN/Taylor work. ESP when they both say the same thing.
 
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