ES Journal Archive (2009 - 2010)

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I like 1035 for the bottom, based on the Nov low as support. However, i would start scaling into a position at 1050 and see what happens.

If we break 1035....well, we won't without something obviously wrong with the recovery.
 
OK, here come da bounce back!


What say you people -- do we get a run up tomorrow? Maybe we will key off a better than expected GDP?


If they run this thing straight down, people are gonna get majorly spooked,


Anyway, we'll see. I think i'll try to get out of this position at 1085 while i sleep.
 
Quote from bridenour:

I like 1035 for the bottom, based on the Nov low as support. However, i would start scaling into a position at 1050 and see what happens.

If we break 1035....well, we won't without something obviously wrong with the recovery.
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To hold the pattern, the next higher low should come in around 1045-46 on cash.
 
Looks like a rally tomorrow.

Bet they run it up to 1100 or near there. Look to get short in that area.


1140-1150 seems like a decent place to cut shorts or scale in long.
 
which part?

rally tomorrow? or short till it bleeds at 1050?


i'm less confident about the rally.

I feel pretty good about 1050, at least over the next couple of weeks at some point.
 
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