ES Journal Archive (2006 - 2008)

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08-14-08 11:23 AM

We play any breakdown down to 1284.
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Buying under 1284, looking to hold to 1330.
 
Still say 1320 by Labor Day, but now that the upside gap at 1305.25 was filled pre-market, there is that pesky 1250 or so gap from a few weeks back that is just asking for it.
 
Looking to hop on board a breakout long. 1288 T1

Make sure volume is supporting the move. 25% will breakout with no pullback, 75% usually pullback towards the breakout. Volume is telling at these points.
 
Simple trend trading, all you need to know in Buy1sell2's notes and Stan Weinstein book. You want to play mean reversion? Try to figure out what Jack Hershey is saying. Oh yeah, Spectre seems to know mean reversion well also. Different game though. If you've got the benjamins and the brass, definitely a viable approach.
 
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