ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

Previous week close acting as resistance, taken out, points to previous week (same for the year) high.

Revisting the 40-41 area, however, is there no matter a new high is made or not.

It is the money management part that determine if you can trade this way.

1044.00 is defended by bulls vigorously. They ar filled up to the hilt with long positions. One little "fuze" and Arrivederci...
 
Quote from ASusilovic:

1044.00 is defended by bulls vigorously. They ar filled up to the hilt with long positions. One little "fuze" and Arrivederci...



And what about the stop fuses sitting just above 45 ?
 
The usual High Frequency volume spike in order to break through resistance and unload the bulk of long positions into the replaced bid orders of the laggards...
 
IBM on fire right now, and intrade has the Dems losing the senate seat with an 84% probability.
I don’t know what is going to happen tomorrow, but everyone else seems to have already decided we will gap to news highs.
 
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