ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Watch the price action and if there is volume behind the move and bids on fall or asks on rise are being hit with size then the odds are then the reversal will usually be stronger.
1260 cash is the bear market defense zone, a breadown on volume could bring as low as 1200. If they hold it, then 1350.
Quote from JSSPMK:
Vol, if them T boyz wish to help out I wouldn't mind at all
IWILLTELLDEMBOYZTOGETDAFIREWORKSGOINGEARLY4YA
psychological observations:
I don't know whether today's higher oil prices will be a burden to this holiday shortened session, but profit-taking in oil ahead of the holiday weekend might set-in, and that would be a positive.
right now, the ECB did nothing to surprise the markets,
what the markets already know generally does not hurt them.
two remaining wild-cards for the day: Trichet's 8:30am ET comments and the non-farm payrolls.
we've already seen a lot of selling this week, profit-taking would mean shorts covering ahead of the holiday.
potential for upside seems good BUT PA rules.
I don't know whether today's higher oil prices will be a burden to this holiday shortened session, but profit-taking in oil ahead of the holiday weekend might set-in, and that would be a positive.
right now, the ECB did nothing to surprise the markets,
what the markets already know generally does not hurt them.
two remaining wild-cards for the day: Trichet's 8:30am ET comments and the non-farm payrolls.
we've already seen a lot of selling this week, profit-taking would mean shorts covering ahead of the holiday.
potential for upside seems good BUT PA rules.
77-80 could be the early resistance area should we go higher from here.
Out at 1272.25 ... -6 Points. Still long from 1308.75 .
Lol vertigo3,
I agree, he must be one hell of a broker
I meant 1272.25 .- Status