ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

On a friday, in the afternoon, after a huge run up of 2 weeks.

Who are so eager to buy almost at the high?

We have to wonder ...
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Most likely only those that are forced to from a buy-in. Cash market volume running much lower than has been last few days...
 
Quote from blackjack666:

nothing should pull this market down and hopefully we can just keep shooting up.
Going for a smallish long here at 972.5.
Gonna hold it till 980 maybe.
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how boring. been out all day. Profit order at 980 hasn't been hit suprisingly enough!
Closing it here for just 1 point profit. Hopefully get some propper upside next week!!
 
Quote from Lawrence Chan:

On a friday, in the afternoon, after a huge run up of 2 weeks.

Who are so eager to buy almost at the high?

We have to wonder ...
More...


How abt just fire up the bots just to mess with people looking for a quick short.
 
Quote from Eko_Trader:

How abt just fire up the bots just to mess with people looking for a quick short.
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If commercials have to rotate out their inventories, and induces an orderly sell off over next 3 weeks, then we will see a melt down style drop in last hour.

BUT, from how high up there is the question.
 
Quote from Eko_Trader:

we are either at our resistance zone of our next short term support zone.
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These are late comers who don't want to miss the gravey train ... short-term, the market is extremely overbought, and probability of a move to the downside is quite high ... which we should see more of next week.

Good trading
 
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