ES Journal Archive (2009 - 2010)

[carson]

Quote from carson:

04-02-09 04:12 PM



--------------------------------------------------------------------------------
Quote from carson:

Sold 833 small - 10 pt stop
--------------------------------------------------------------------------------



Add 837

Covered 833 from earlier...that was fun. Still short from 837.

Working 837 stop for a scratch - leaving the office.

 

[lurefo]

back in long 33.25 watching it closely stop 32.5
out 34.5 don't like it

 

[lurefo]

Quote from [Proximo]:

Heavy action in this zone (NQ). Big money.

Missed my fill again.

It looks like distribution.

 

[[Proximo]]

Agree. ~12K in 5 minutes. What better place to do it then people buying off the VWAP. Doesn't mean we can't make new highs on lower volume :]

I think we should have an intermediate top in the next day or so. Then retrace barring any news/events.

Quote from lurefo:

It looks like distribution.

 

[lurefo]

Everyone and their mother buying that pullback, pretty convenient to sell your stock if you're moving size.

 

[iloveoptions]

846-849 in the next hour a real possibility.

 

[ammo]

Quote from ammo:

sh 34

add 38.25

 

[startraitor]

would like a reversal off 40.50-41 here, tough area

Edit, and added short

 

[lurefo]

I'm not following YM that much but I just saw it is against a major daily resistance at 8020-8040.

I'd be surprised if there isn't even a little sell off from here.

 

[saliva]

Quote from saliva:

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.

This might be it.

Short 838