ES Journal Archive (2009 - 2010)

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Quote from volente_00:

What boring slow action

Boring?!!? Institutional selling has finally capped this rally.

Local pit traders have been bidding this up all morning and are being met with endless Goldman offers in the 33 area.

I have moved my stop back to 36. We could get a quick pop above 34 then a the birth of a new medium term downtrend.
 
This situation reminds me of a quote from an extremely wise man.

"The only time you can spot a top or bottom is when you're not looking for one" - flipflopper 2008
 
Quote from flatron:

trying long here at 1133.5

Poor child... I admire your gumption. But be warned that flipflopper is short.

Normally you would be correct but Strong daily support/resistance cancels intraday setups.

If it weren't for the daily res I would be with you.

Now this doesn't mean you have to go short but you shouldn't go long!!
 
Quote from Eko_Trader:

Finally worked up the nerve to go long?

tell me about it!
I was one of the only ones posting longs about a month or so ago when everyone else was certain it was about to crash and done well, so that's something, but even my nerve has ran out now. Relentless.
I think its only Lexcorp who has been bullish the whole time and still seems to be.

Its only a small one. Im not looking for much on it, and will average into it if it goes against me.

we'll see!
 
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