ES Journal Archive (2006 - 2008)

[Kovacs]

Man, are you we going to get even one decent retracement? I've been starting at the screen for over two hours waiting to go short.

 

[Lawrence Chan]

Quote from Kovacs:

Man, are you we going to get even one decent retracement? I've been starting at the screen for over two hours waiting to go short.

We broke multiple days of support levels ... only the bigger picture support level will lead to a strong bounce.

i.e. 820 is approx 50% retrace of the run up, etc.

Edit: 840 is sort of IHS on daily

 

[kinggyppo]

Quote from kinggyppo:

long spy 85.15 stop .50

out 85.30 had an add but couldn't post it.

 

[Kovacs]

Quote from Lawrence Chan:

We broke multiple days of support levels ... only the bigger picture support level will lead to a strong bounce.

i.e. 820 is approx 50% retrace of the run up, etc.

Edit: 840 is sort of IHS on daily

I have a harder time than usual on days like this. When the market gaps down and tanks right off the open, I end up sitting on my hands, grinding my teeth and rocking back and forth, muttering to myself not to chase while the market keeps dropping.

 

[BoyBrutus]

hhhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={de242ad6-6a2f-4ca3-a83b-e09127c2d68b}

 

[saliva]

Quote from saliva:

I dunno about being rude, but my short got triggered at 95.

• Quote from Pekelo:
  
  So? That is about next week, not today... Today you didn't make money with that short...

Almost forgot to post! Covered 846.5...Looking forward to re-enter short once the bottom channel is hit.

 

[Gul]

Quote from saliva:

Almost forgot to post! Covered 846.5...Looking forward to re-enter short once the bottom channel is hit.

Very good trade Saliva.

Good luck

 

[Buy1Sell2]

Staying short here

 

[Pekelo]

Quote from Lawrence Chan:

Edit: 840 is sort of IHS on daily

840 is the SMA line on the daily. As long as we stay above it, we are still in an uptrend....

 

[Jahajee]

Quote from ammo:

9/29 and 11/4 hi's tl is 854, next supp 11/4 and 11/14 highs tl is 800 ish

Data may be skewed because of small-range shortened trading day on Friday:

S3 at 845 and S4 at 823

I think may go as lows as 823 today. S2 at 867 may the upper limit for intraday rallies.