ES Journal Archive (2006 - 2008)

[JSSPMK]

Crush your enemies, take their money & their women

<img src=http://i37.photobucket.com/albums/e80/cajeguitarist/Conan-TheBarbarian.jpg>

 

[JSSPMK]

Quote from JSSPMK:



Short 1285.5 off 1m, stop near 1286.50, hard stop +10

& poss 2m

Scaled out 2/3 +2


Covered 50% of 1/3 +6

Covered another 50% of 1/3 +11 as Wave's buddies have been spotted on 3m

 

[JSSPMK]

3m does indicate good countertrend conditions paired with Wave's level analyses supporting the move

I feel like a schizo talking to myself, a bit one sided, has everybody gone to a pub already?

 

[ammo]

p shape on mp good buy down here,nip is 82,uvol/dvol trend pattern started to break but flattening

 

[Lawrence Chan]

The more interesting question is whether we will see a positive day in ES.

 

[JSSPMK]

Quote from Lawrence Chan:

The more interesting question is whether we will see a positive day in ES.

That IS a good question, Gold & Oil both still advancing, that is a tough call

 

[wave]

1275-1270 is long positioning area for me. Bulls are building.

 

[smilingsynic]

Quote from smilingsynic:

Today the 9:30 open is the magnet, and the low and high prices of the day are right around equal distance from it.

The pivot is 92.50; that looks like the probable high; S1 is 1275, and that looks like the day's probable low.

Even though S1 looks like it is going to hold, I am not going to hold out for the pivot. Intraday wise, I'll be satisfied with 83-85. Longer term, I look forward to Monday's tape painting by fund managers who do not want to end the quarter looking like chumps.

EDIT: I'm satisfied. But if it goes to the pivot after all, I'll be looking like the chump (what again did Wyckoff say about having courage in one's convictions and confidence in one's judgment?)

 

[wave]

Quote from smilingsynic:

Even though S1 looks like it is going to hold, I am not going to hold out for the pivot. Intraday wise, I'll be satisfied with 83-85. Longer term, I look forward to Monday's tape painting by fund managers who do not want to end the quarter looking like chumps.

EDIT: I'm satisfied. But if it goes to the pivot after all, I'll be looking like the chump (what again did Wyckoff say about having courage in one's convictions and confidence in one's judgment?)

 

[wave]

They may just want to play the fear game and do one more flush below 75. If it holds, we are going to have a nice bounce.

What they are doing now is building long positions on balance.