ES Journal Archive (2009 - 2010)

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Quote from Pekelo:

Today we went down, so I expect it to drop to 1014 ish in 3-4 days...
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Considering 5 NQ bounces at 1770 area if ES 1040 low goes 3-4 days is too long to do 1014.
 
Quote from trader198:

will go down to 937 this month? get to sell at 1060
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Yes, if we drop below 1040, it's almost a given. But I'm getting a strange vibe that we'll just muck our way across vast stretches of pure crap (eg. consolidation).

I bet this sonnavabitch will rally back up tomorrow.
 
Quote from Decel:

Wasn't there a Pekelo rule to buy the closing of a big down day because the open will likely be higher?
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Only on SDDs. Although we could get a 10-14 pts green day tomorrow and still make it down to 1014 by Monday's close....
 
Quote from Pekelo:

Only on SDDs. Although we could get a 10-14 pts green day tomorrow and still make it down to 1014 by Monday's close....
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Where did you get 1014 from? Are you referring to the low made on 10/2, which is 1012?
 
Quote from schizo:

Alright, I feel like a lost puppy. Can anyone tell me where the hell we're heading? I swear the market looked bullish going into the open. Now that we're about to close in the red (yet again), I'm not sure anymore.
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Please when you find out, let me know. I shorted 77.50 for 1.25 gain because I thought 86 was in the bag. Then I was playing like scared money all day long. Couldn't hold a short with any confidence, and definitely wouldn't go long just for reason such as the BS close.
 
Quote from Eko_Trader:

Please when you find out, let me know. I shorted 77.50 for 1.25 gain because I thought 86 was in the bag. Then I was playing like scared money all day long. Couldn't hold a short with any confidence, and definitely wouldn't go long just for reason such as the BS close.
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The drop from 77 down to 66 was a frigging circus. I got mauled pretty badly on a few trades. Anyway, I think bulls are a bunch of whinos. Without their savior, Uncle Bernie, these morons are not to be trusted in any way, shape or form. Currently, I'm holding my short. Hope to bail out near 42-ish.
 
I did not hold short or long at this moment. when I feel I am not comfortable, I walk away.
the market thinks in one way: oversold, any positive news will wake up short sellers/bargin hunters; but in another way, it thinks : buildup for another big push down, that will be a big mistake if long, particularly those bag holders, if it continues to slide to some level, they just give up and could not bear any more.
I am very cautious here, particularly at those key price level. as schizo said, if this side wrong, then another side right, the wrong/right cost is around 100points?

Quote from Eko_Trader:

Please when you find out, let me know. I shorted 77.50 for 1.25 gain because I thought 86 was in the bag. Then I was playing like scared money all day long. Couldn't hold a short with any confidence, and definitely wouldn't go long just for reason such as the BS close.
More...
 
Quote from trader198:

as schizo said, if this side wrong, then another side right, the wrong/right cost is around 100points?
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You're day trading; so you're using 100 pt stops now? :confused:
 
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