ES Journal Archive (2006 - 2008)

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Quote from Decel:

Wacky day! Didn't expect this to be an SDD, but was suspecting that from the opening behaviour.

I'm definitely long biased (as opposed to bias) at these levels, as my mind admittingly can't wrap around the concept that this can still fall all the way to the 500'ish level that Saliva posted.

Sat on my hands all day and damn glad I did that.

My wish is a limit-down and shake the fear with a nice rally up to say "it's done, Jim", but I doubt we'll do that.

That being said, when everyone's bearish...
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having opinions in this type of market can get expensive. The key is to get out of the way when you are wrong, nothing wrong with being flat. Tomorrow should be an interesting day. :cool:
 
Quote from Decel:

I'm definitely long biased (as opposed to bias) at these levels, as my mind admittingly can't wrap around the concept that this can still fall all the way to the 500'ish level that Saliva posted.
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Ya know, I wish I could just "sell and hold" and simply forget about it until it hits 500. But I know as much as anyone else that such a wishful thinking will never materialize because you can still blow up to pieces even if you happen to be short.
 
Quote from Decel:

Wacky day! Didn't expect this to be an SDD, but was suspecting that from the opening behaviour.

I'm definitely long biased (as opposed to bias) at these levels, as my mind admittingly can't wrap around the concept that this can still fall all the way to the 500'ish level that Saliva posted.

Sat on my hands all day and damn glad I did that.

My wish is a limit-down and shake the fear with a nice rally up to say "it's done, Jim", but I doubt we'll do that.

That being said, when everyone's bearish...
More...

You can have a long bias in a SDD and still coming out ahead. :)

Proper money management is the key.
 
Swing trend remains down here although it's a bit long in the tooth. I will look only short until the swing trend reverses itself to the upside.
 
Quote from saliva:

Ya know, I wish I could just "sell and hold" and simply forget about it until it hits 500. But I know as much as anyone else that such a wishful thinking will never materialize because you can still blow up to pieces even if you happen to be short.
More...

I have been in cash or cash equivalents in the vast majority of my portfolio for a year as posted here. The only way to stay in a trend for the long haul is to either be undermargined, no margined, or trail stops much wider than daytraders would ever do.
 
Quote from wave:

This bottom should be held to 975. Once 975 is taken out I will look to short and hold to 625. I told you that if 1200-1150 did not hold, we were in for a doozie. Folks, it ain't over until the fat lady sings and that honey ain't even whispering yet.

Save your bennies for better days.
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I'd like to think so but I have feeling a 10%+ down day is going to be upon us sooner than later.


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