ES Journal Archive (2009 - 2010)

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Quote from Pholeuon:

Ammo, it really can go without any meaniful retraction up to 85.
I believe that what we saw was bear trap and today we will end close to highest point of the day - and what is worse tomorrow can gap up.
We will probably return but short position today will take considerable heat after my opinion.
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+1.

I was trapped already today 70.25 w/ no stop. A quick dollar short @ 80.33 helped me hedge myself flat. We can slowly grind up to 85 and frustrate the shorts
 
Quote from Pholeuon:

Ammo, it really can go without any meaniful retraction up to 85.
I believe that what we saw was bear trap and today we will end close to highest point of the day - and what is worse tomorrow can gap up.
We will probably return but short position today will take considerable heat after my opinion.
More...
i hear ya, but on mp .theres a hole or cleavage at 71,from the 10: 30 - 11;00 cst time period,see if we fill that first and if we rally from there... edit... djt stopped making new highs at 10:30
 
visual of 71, this is a double boob day where we have a better than 50/50 chance of filling the cleavage( 71),need uvol /dvol rato to hold 4/1 and recede and djt to hold below high of day anf fall abck to 3907 area
 

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There is big 11.5 point gap (85-96.5) above us. A bit above 1100 is VWAP on daily. If we look on oversold condition on dail we can be in there quicker than anybody will think. What will happen there only god knows but I am extremely carefull with shorting by such obvious targets. True we can start falling anytime extremely quickly but that way how it moves today it looks to me that the "wawes gorillas" want more upside in nearest future (today - tomorrow). What will be later I do not know but I doubt that we can stay around here - to much moving averages around - it same like highvoltage, dangerous. Boots need trade above or bellow them to simplify their decisions.
 
They are able neutralize oversold conditions without falling in price.
Although I am searching entry for short position experience learned me not to do it on days like this one unless we will start falling in fact.
I believe if it will happen I will be able take small piece of movement.
It will be beautiful catch top today but will be there any?
 
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