ES Journal Archive (2009 - 2010)

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Quote from volente_00:

Spy options indicate a move to 115 for jan.

Puts are built at 110



112 would hurt both sides for now.


so how bout a run to 115 then a gap fill, all in the next 8 trading days.
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Hmmm....You may be on to something.
 
Quote from wave:

Take notice to where we traded back to, this could be the one that propels us to 1200.
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Care to elaborate ?



I am seeing a longer term H&S set up right now in es. If we stall at 38-40 on the way up which is a 50% retrace, then a right shoulder will be made that projects to 1116. Bearish patterns have not been working lately but with options expiring this week, it is more probable with current interest.


What is interesting is that feb projects 113 to 120 for now.
 
Just the big boys covering. This thing could take off from around this area.

The bear is just around the corner. Did you see how Gold dropped when it poked 1200?

Freebie Value play ERTS buy 18-14 target 41.
 
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