ES Journal Archive (2009 - 2010)

[Brendan R]

2nd round of the battle has just started

 

[Jahajee]

Quote from Pekelo:

If we haven't melted down by 2 pm, it is not an ADU meltdown. Meltdown has a possibility because of the gap left behind. If we make a new high after 2 pm it is a classic...

Intense battle with bulls having the edge, so far.
But if ES can't break out above 713/716 then the bears
will take it down again.

Update on ES trades: first stop - 2 lots - at 683.25 after hours. That was weird trading after the 4:30pm Globex open yesterday.
Still holding 7 longs

 

[paul_alan]

Quote from Brendan R:

short 711.25
stop 718.25
target 698 EOD

retesting thr highs of the day after lunch, failure then down

What makes you think that? Always eager to learn.

 

[ammo]

Quote from ammo:

sh 09,8.5

add 9.5, failure to make new highs or reach day highs,out 09

 

[Sha10105]

im short at 811. lookin for an exit tho originally was thinkin pivot point. but beige book is out in 20 min...

 

[wohc]

Short SDS at 105.3. Looks like IHS forming.

 

[ammo]

sh 10.5,add 10

 

[wohc]

Quote from wohc:

Short SDS at 105.3. Looks like IHS forming.

I mean HS

 

[Brendan R]

Quote from paul_alan:

What makes you think that? Always eager to learn.

nothing to learn from me, but here is my thinking which is pure guess.

no real money buying behing today's surge, purely technical rally on the back of weak shorts, repeated failure at 716, one more failure expected after lunch, maybe on the back of beige book then longs liquidate before the close as real low in the indices not yet established.

I don't see the overnight low as a significant bottom therefore there is no conviction in this rally. I expect significant selloff by the close.

chances I'm wrong.... 50%

 

[wohc]

Quote from wohc:

I mean HS

Out half at 104.7.