ES Journal Archive (2009 - 2010)

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Quote from saliva:

Allow me to play the devil's advocate. According to my sources, 765 is the next obvious support. But it's a tenuous one at best. You might as well wait until we hit 740. Otherwise, I wouldn't place my hope on any of these numbers.
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You might well be right and the bounce - if it ever happens - could be just another bull trap. That being said it is my job to follow the signals and make sure I exit at the best price if there is no follow through. Once in a while it catches a nice move and it pays for the loosers and the BE. And more.
 
Quote from lurefo:

ES 240 MN shows strong support in the 772-766 area.

Objective is to go long this zone for a bounce back up above 800.

Stop below 60...
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And for the NQ lovers.... 1160 area to watch.
 

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During the one hour break between the Asian and the European markets, trannies would usually resort to window dressing by artificially pushing the ES up but I don't see that this evening. They must sense that something smells fishy tonight.
 
Just broke below 770, albeit temporarily. Ah, the prudent a-holes can't contain themselves tonite. Where's da trannie-power?

Come what may, brace yourself. It might be a bumpy ride!
 
That being said, if we open below 765 tomorrow (well, in about 6 hours), we could see 740 in no time. Whether there would be a meaningful rally afterwards remains to be seen. But as I said yesterday, there could be a nasty surprise in store.

Quote from saliva:

Don't expect too much from the OE this time around. My hunch is that there may be a nasty surprise in store just for the bulls.

No, I don't mean an "obvious" surprise but a nasty or unexpected surprise, viz. Uhm (scratching my head), could we possibly break down and close below the November low?
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