ES Journal Archive (2009 - 2010)

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Shorts are very nervous

People who missed the run are itching to buy the dip

Lot of spy puts are in the money

The spring is being stretched


The first spark will bring 1052
 
i agree we are stretched ,dvol/uvol is 20 to 1 ,this may not snap back, someone is unloading , a fund or someone may be liquidating
 
After yesterdays up move todays low seems like a great way to extend an up move next week. I wouldn't be surprised to see some sideways action on monday with people waiting with itchy trigger fingers to pile on a breakout. But who knows. Just a guess.
 
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