ES Journal Archive (2009 - 2010)

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Quote from trackstar:

Looks like at least one more push to 850. I dont see any momentum dying off to suggest this move is over.

In old days, when Dow 8000 was first reached, I remember there was a reaction sell off in the afternoon ...
 
Quote from Lawrence Chan:

In old days, when Dow 8000 was first reached, I remember there was a reaction sell off in the afternoon ...

Picking tops and bottoms isnt my game. Buying support and selling resistance is where my comfort zone lays.
 
If we retest highs here I'll look for a short. If its strong I'll back off.

If it goes down more then we should get some support @ 1295. Then around VWAP (1292-94)
 
One thing to keep in mind as we proceed: that flakey head & shoulders pattern (visible on the 5-minute). It's still possible to run up to 45 or higher but were it to stall near 840 and drop, then you better part ways with your trannie friends. :D
 
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