ES Journal Archive (2009 - 2010)

Lawrence Chan · Jan 9, 2009

Quote from jmoo:

hanging out right there on the lower end of the opening range 888... And that seems to be an important number

Daily uptrend line.

kinggyppo · Jan 9, 2009

long spy 89.30 $1.00 stop.

saliva · Jan 9, 2009

Quote from jmoo:

hanging out right there on the lower end of the opening range 888... And that seems to be an important number

However, if this ain't the double-bottom (on the 5-minute) as you and I would like to believe, then all bets are off.

carson · Jan 9, 2009

Quote from carson:

Filled

Stopped out 887.50

saliva · Jan 9, 2009

Just to reiterate the earlier comment about low 70-ish as the lower channel, a measured move of the recent 25 point plunge applied to 895 will also give us a target near the low 70s.

startraitor · Jan 9, 2009

I agree, getting short again 92-93 or anywhere under 95-96 should be a good play today if you are not already.

Quote from saliva:

Just to reiterate the earlier comment about low 70-ish as the lower channel, a measured move of the recent 25 point plunge applied to 895 will also give us a target near the low 70s.

dmartin · Jan 9, 2009

Just bought back in the market at 890.25--full position. My stop is 744.75 which represents 1% of my TNW.

DMartin

HooLee · Jan 9, 2009

Quote from saliva:

Just to reiterate the earlier comment about low 70-ish as the lower channel, a measured move of the recent 25 point plunge applied to 895 will also give us a target near the low 70s.

Yes very import level. We should be able to tell if this level holds by Monday afternoon at latest. I'm little bullish atm though.

kinggyppo · Jan 9, 2009

Quote from kinggyppo:

long spy 89.30 $1.00 stop.

out 89.60

Lawrence Chan · Jan 9, 2009

Quote from HooLee:

Yes very import level. We should be able to tell if this level holds by Monday afternoon at latest. I'm little bullish atm though.

If lower level has to be printed, they must do it before weekend.

Media reaction is always taken into account.