ES Journal Archive (2009 - 2010)

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Are we going to have a sell-off by EOD? A lot of longs had losing position and expected a retrace,which did not come. They may sell off not to worry about it this weekend. :confused:
 
Quote from JSSPMK:

re - megaphone, etc.

ImPO a lot of traders after years of trading or trying to trade patterns, in the end 'drift' away from them & start trading based of price zones.
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Echo this comment as I agree 100%. It was posted around jobs data so hopefully it wasn't missed.
 
Lot of things that I am observing suggest as minimum 102 on SPY (not today but we say next week). If it will bounce from this level there will be lot of explanations why it is "logical" and XY was tested, retested... and everything is fine again, we can rise

If it will go bellow significantly may be bear market resume after 9months long and boring bear flag.

Edit: And if bear market will resumewith full power SPY 20 seems logical target of "measured move".
Surprise, surprise...
 
01-11-10 08:32 PM

Heads up, this is what happened to google once. Trade was busted and then down the road it traded right to the same low of the spike.

remember that spike down a while back..


lurefo, i only risk 1% profit 3%+, use options along with futures.

get ready for 1085.
 
Quote from Eko_Trader:

That was a balsy move. Anyone know why?
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Maybe because the market went down over 400 points in two days. Quick find out why, you must find out before you place a trade hahahaha.
 
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