ES Journal Archive (2009 - 2010)

[iloveoptions]

Quote from iloveoptions:

Glad I exited some yesterday. Adding 10% right here at 891.75...

Exited the second 10% batch here at 898.25. One more batch to go.
Current position: Short from 814.25 + 10% hedge.

 

[Lawrence Chan]

If I am right those buy orders are coming from daily level buyers betting that we have the first "pullback" to 20 SMA.

 

[saliva]

Quote from Lawrence Chan:

If I am right those buy orders are coming from daily level buyers betting that we have the first "pullback" to 20 SMA.

More importantly, we're at 200 SMA.

 

[pocketmoney]

last try at short - 897 - 2.5 point stop

 

[saliva]

The bulls are looking exhausted.

 

[Lawrence Chan]

Quote from saliva:

More importantly, we're at 200 SMA.

The mkt is overbought by time ... thus it can take several weeks to digest the up moves we have seen over the last 8 weeks.

 

[saliva]

Short 896.75

SL above 900
Target below 891

 

[Lawrence Chan]

Potential early ADU.

Early by 45 mins.

 

[saliva]

Is it just me or what? It used to be that when I enter a trade, it would move instantly (usually in the other direction ), but nowadays it just sits there.

 

[Lawrence Chan]

Quote from saliva:

Is it just me or what? It used to be that when I enter a trade, it would move instantly (usually in the other direction ), but nowadays it just sits there.

At 9 pt range so far, the fight between bull and bear is intense.

If previous day high give in, you will see 92.