ES Journal Archive (2009 - 2010)

[ammo]

http://www2.barchart.com/momentum.asp go to bottom of this page and the percentages over 70 indicate a topping process, last week they were all above 80

 

[emg]

plan on going long 1160.50

 

[ammo]

heres a longer term chart showing a topping also,when reduced that tl line comes in around 1187,the longer out ya go,the more general or less exact these numbers become,but the gyst definetly says top....i.ve posted all this stuff recently

 

[Boff]

Quote from Lawrence Chan:

Daily can snap back to 20 SMA easily without even affecting the uptrend.

yep, 2-3% drop is all we get i think

 

[Boff]

Quote from Boff:

short 1165.5
sl 1173

exit 1/2 1161
stop to be

 

[Boff]

should be noted that we need to crack through 1158 by mon so as to avoid DEMBOYZ defending it on tue

 

[emg]

Quote from emg:

plan on going long 1160.50

filled at 1160.50. looking for 1pt profit target

 

[M3peat]

does it stop here or at 48ish?

 

[Boff]

Quote from M3peat:

does it stop here or at 48ish?

i don't think we can get there today

 

[fseitun]

Congrats to all those who got shorts and held.

I made the right decision dumping my long shortly after 10am but couldn't pull the trigger for shorts.

It's still nice watching it though. Moves like yesterday's and today's lead to good opportunities.