ES Journal Archive (2009 - 2010)

[wave]

best way to stay in/ride a trend = channel

 

[wave]

I know to be careful around 48, maybe take my 4pts on the breakout and short here.

 

[wave]

Think poker here, who's holding what?
Why the hell would I short now?

I saw and caught the breakout, my sell stop is in, but why short now?

 

[Pekelo]

Quote from vmaxer:

2nd Gap Rule, again??

No. For all practical purposes, yesterday's upgap was filled (it doesn't need to be a 100% cash fill)*, so today would be a first gap.

Th-Fr-Mo together looks like an island reversal, with the Thursday downgap and today's upgap.

*less than 1 point gap left on the cash, that is not really a gap

 

[startraitor]

shorting 50-52, stop 54.25, target eod.

 

[wave]

This is where they pull in the sheep.

 

[JSSPMK]

Pek, you reckon they want 1058 gap closed?

Wave, TY for answering, I have a different outlook

 

[vmaxer]

ah, thanks Pekelo.

BTW, my short earlier stopped out.

Looking to reshort around 51 at the trendline.

edit: around 52-53 if things look ripe for the shorting.

 

[wave]

Come to me my blue minions.

 

[JSSPMK]

Quote from JSSPMK:

S1046 s1047.5

*-0.75

S1046.5 s1048

*2/3 +1.75

**1/3 b.e.

S1050 s1051.5

*-1.5