ES Journal Archive (2006 - 2008)

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Quote from HooLee:

Breakout in what price level, if I may ask?
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Breakout above 1221 and then I will switch to trading the long side only. --Or I would need to obtain a longer term buy signal.
 
Quote from jasonjm:

dont you guys reckon if that rescue package gets passed, the uncertainty will be removed , and we will get a bounce to like 1300/1320?
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that makes sense to me, too.
Unfortunately, many times, what makes good rational sense might not translate into price action.

I am assuming any move above 1223 would be a bullish short-term signal. with upside as you have mentioned 1300-1320. I guess at 1306-1314.

on way up stutter at 1253-1263, 1275-1280, 1291.

"Markets are never wrong; opinions are." -J. L. Livermore
 
Buffet news is not good enough to pop the market? Interesting.

We have a 2 weeks window going into the final count down of election - that means more miracle rallies on its way to at least slow down the drop in stock market. Better yet major rally.

So watch out for the 10:00 and 2:15 (ET) short squeezes ...
 
If it snaps back quickly and authoritatively from here (1185), then a longer term buy signal will be in place. Otherwise, I will stay trading the short side.
 
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