ES Journal Archive (2009 - 2010)

[Rashid_G.]

Quote from No.Heat:

Market has been delaying the inevitable by trying to find support at the 70s after numerous attempts failing to plot a HH or even a retest of main resistance I think low 40s is a high probability trade.

I have started to fade upside attempts and will continue to do so until the action says otherwise.

NH

Probably as that would set the stage for a final eruption to hold 1200 at year end after which the bulls may be nowhere to be seen for a bit. The Koreas Fermenting could change everything of course.

 

[No.Heat]

Quote from Rashid_G.:

Probably as that would set the stage for a final eruption to hold 1200 at year end after which the bulls may be nowhere to be seen for a bit. The Koreas Fermenting could change everything of course.

Absolutely, I would be a buyer of the low 40s perhaps 30s if it gets there for a breakout move to the upside.

I would not be too worried about Korea, in fact, thank them. That fear will give us the pullback that we need.

NH

 

[gkramer]

Somebody's accumulating starting there at 84.75.

 

[gkramer]

L 84.25
T 05ish

 

[JSSPMK]

L1,188.5 sl1,170

 

[gkramer]

Quote from gkramer:

L 84.25
T 05ish

Flat at 89.75 for +5.5. Waiting until we get above this congestion and a pullback.

 

[Pholeuon]

I do not want go long because about 1200 I see resistance (various reasons what always has synergical effect).
Probably we will test it, but breaking it will need strong move and than will be enough time take this breakout trade.
On contrary bottom of channel is about 75 so I see potential risk larger than reward for swing trade.

 

[JSSPMK]

Buy on 10m

edit - negated

 

[emg]

Good Morning Traders!

 

[feng456]

what was that big sell spike about?