ES Journal Archive (2006 - 2008)

[saliva]

Quote from tommymoose:

Looking for them to hold 865-880 to continue the melt up. If this zone fails I think you guys (LC and saliva) will have your wish. a break won't be easy though...

Posted last night - http://elitetrader.com/vb/attachment.php?s=&postid=2212262

Well, at least, it's consoling to find 865 in your projection range. That's where I plan to unload. Good luck (for you and me alike).

 

[Lawrence Chan]

The island gap is holding up the drop.

 

[plumber68]

When you have time could you explain, why it's holding up and just not running to fill it ?
Thank you.

 

[Lawrence Chan]

Vertigo pointed out that there is an island formation of 5 trading days where it started with a huge gap down from 886, then gap up huge 5 days later and ran up yesterday.

That makes 886 area a strong support area. May take more than one try to break it.

 

[princessa]

Quote from BoyBrutus:

The Market Maker's Edge By Josh Lukeman

that excerpt was very helpful. thanks, bb.

 

[saliva]

Betcha some of ya got shaken out on that pop.

 

[Anna K.]

Quote from saliva:

Betcha some of ya got faked out on that pop.

and you didn't

care to elaborate why?

thanks.

 

[saliva]

Quote from Anna K.:

and you didn't

care to elaborate why?

thanks.

I'm here to stay, otherwise B/E (917.75). I think I've been contaminated by B1S2.

Seriously, as of today, this market is toast IMHO.

 

[startraitor]

exit all but 1 at 88, tried for 84.50 but no fill, stop to be on last.

Quote from startraitor:

shorting 14.50, stop 26, target eod.

 

[tommymoose]

Quote from startraitor:

exit all but 1 at 88, tried for 84.50 but no fill, stop to be on last.

Very nice trade. Just the way I like em... taking no more than a couple points of heat and reaping big profits.