ES Journal Archive (2009 - 2010)

[[Proximo]]

Best to wait on shorts. We're making higher highs here.

They can easily take this to 1000 seeing that the shorts have no conviction.

 

[JSSPMK]

Quote from JSSPMK:

L979 s976.5

2/3 scaled +2

1/3 +8.5

 

[ASusilovic]

Goldman buyer 987.50

 

[tstones]

yeah risky. tight stop to bet on this DT.

Quote from [Proximo]:

Best to wait on shorts. We're making higher highs here.

They can easily take this to 1000 seeing that the shorts have no conviction.

 

[[Proximo]]

If it turns, it most likely will not be a quick turn.

Currently flat myself. Watching DP, 84, 82.

 

[Lawrence Chan]

Quote from [Proximo]:

Best to wait on shorts. We're making higher highs here.

They can easily take this to 1000 seeing that the shorts have no conviction.

The move up is needed for distribution like last few days.

Again, Asian sell off, nothing happens here ...

So, all sell off are saved for people outside of North America.

 

[tstones]

the second leg, if there is one, will be the one with power.

Quote from [Proximo]:

If it turns, it most likely will not be a quick turn.

Currently flat myself. Watching DP, 84, 82.

 

[[Proximo]]

Definitely looks that way. That's why I'm gun shy on my shorts, everything keeps coming back in shorts face.

No trend sell days.

Quote from Lawrence Chan:

The move up is needed for distribution like last few days.

Again, Asian sell off, nothing happens here ...

So, all sell off are saved for people outside of North America.

 

[JSSPMK]

Are they building intraday right shoulder?

 

[Lawrence Chan]

Quote from [Proximo]:

Definitely looks that way. That's why I'm gun shy on my shorts.

That was done to delay or numb the mutual fund holders from selling.

Everyday if the net drop by the end of the day is small, mutual fund holders are well known to "stay put".