ES Journal Archive (2006 - 2008)

[saliva]

875 should be the next resistance to come under attack from the bulls. However, if that gets pulled down, could we go up as high as 895?

 

[ammo]

Quote from ammo:

sh 44, mp ledge at 36 and 29,should retrace to there, add 47 offer 51,add 57 offer 61

out 72

 

[saliva]

Quote from saliva:

875 should come under attack from the bears. However, if that gets pulled down, could we go up as high as 895?

Rally stopped at 84.75, but I think there's more strength left to this rally.

 

[smilingsynic]

From S1 to R1.

 

[saliva]

The measured move of the prior rally indicates the target near 885.

 

[startraitor]

adding to short 76-77, full position, stop 82, target eod

 

[kinggyppo]

Quote from kinggyppo:

short 87.25 $1.00 stop

out

 

[saliva]

Sorry if this sounds downright condescending, but you shouldn't short the damn market when the buying momentum is rearing its friggin' ugly head like this afternoon. That's like trying to catch a falling knife on a day like yesterday. It's a lose-lose situation.

 

[Lawrence Chan]

Quote from saliva:

So this is the work of PPT, eh? I believe ya.

Not necessary ...

BOJ indicated clearly they "prefer" dollar yen at a higher level and that they will (and had) acted to support the currency when they deem that is needed.

The 820, 840, and 860 longs are likely mutual funds late buying to jump on board. As I mentioned before, enough buying of the underlying can enforce an updrift.

 

[ammo]

sh 74.73, add 77 ,78