ES Journal Archive (2009 - 2010)

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Quote from Eko_Trader:

I'm sorry, but EUR doesn't look good at all.

LC & JSS what r u guys seeing?
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I couldn't tell you more than EUR is in bear trend & that I am currently long, Euro summit tomorrow, expect high vola. It's pretty oversold on Daily chart, so a bounce is likely, trend continuation is also likely. Think of Wave's *If not, then* :)
 
Here's my thoughts:

Tomorrow the unemployment claims will probably be less than expected given the jobs created by the census. Also Friday's Retail Sales numbers will probably be better than expected because of the much better consumer credit numbers seen last Friday. We will also get more clarity on the Greek bailout tomorrow and this weekend. If the market is not selling off today with Bernanke's tightening strategy being discussed and the EU not having a plan in place, I can't see a catalyst for the downside in the near term.
 
sh 67, yesterdays nip is 69,so stop is 71,retrace should bring us to 60 ,so 60.75 bid for 6, keep 2, stop is also for 6 only ....edit... may have to run out ,if i dont, i will play that low by ear, there is a small ledge there that we will prob get under and another at 59 so a 58 print would be in order, type of graph in uvol/dvol chart says we will probably stay within present range for the day
 
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