ES Journal Archive (2006 - 2008)

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Steelers won but did not cover -6.5! Life is good!


Quote from Pekelo:

As predicted, we are nicely up 25+ points since the close (earlier it was as high as 35) and the Steelers won in OT. Isn't life beautiful??

Again, the after SDD top comes around 10 (last time it was 9:51, and only gave 12 pts gain) when you can switch to short, and it should fall until at least 10:30. A gapclose is pretty likely. From there it can go both ways...
 
Quote from Buy1Sell2:

We'll probably need to revisit 1180 before any significant upside. There should be a large breakout or breakdown in the next day or two. I do not exactly know which direction right now. I remain long term bearish.

--Most likely it would be a breakdown---

From Friday morning
 
Quote from Buy1Sell2:

I will only start looking long again if 1204 is hit or I get a longer term buy signal. Right now, I remain looking only short. :)

From Monday morning
 
1100 will most likely need to be tested in order to have more significant upside( doesn't mean I will get long at 1100 of course).I am still looking at a touch of 1204 or a longer term buy signal before I will begin looking long. I continue to look short for now.
 
Quote from Buy1Sell2:

1100 will most likely need to be tested in order to have more significant upside( doesn't mean I will get long at 1100 of course).I am still looking at a touch of 1204 or a longer term buy signal before I will begin looking long. I continue to look short for now.


You shorting this T day bounce with the gap underneath ?
 
Quote from Buy1Sell2:

From Friday morning

Not to rain on the parade here, but a huge move up or down was already priced in because of the high implied volatility of the VIX.

Yesterday's "crash"--even the local morning DJ was panicking about it!--was actually just barely outside two standard deviations based on the Friday's closes of both the VIX and the ES (1 sig was 1165; 2 sig was 1115).
 
Quote from Pekelo:

As predicted, we are nicely up 25+ points since the close (earlier it was as high as 35) and the Steelers won in OT. Isn't life beautiful??

Again, the after SDD top comes around 10 (last time it was 9:51, and only gave 12 pts gain) when you can switch to short, and it should fall until at least 10:30. A gapclose is pretty likely. From there it can go both ways...
Nicely done!
 
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