ES Journal Archive (2009 - 2010)

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Ok flipflopper, I am very curious. I do not see any signs of big reversal today. I personally believe that we can return to appr 1100 but excuse me that is not anything big. The selloff needs to be up to todays open to call it big. We will see.
 
You could be right. I think we will at least get some type of correction on Friday even if market does not sell off the rest of today.

Quote from flipflopper:

They timed it perfectly for a reversal. Almost 90 minutes left and no place to go but down!!

This is one of those EXTREMELY RARE obvious reversal days.
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Quote from oraclewizard77:

You could be right. I think we will at least get some type of correction on Friday even if market does not sell off the rest of today.
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Has to happen today or not at all. There is a little trick the market can play to get through the declining 50 day sma... If it stays at this level tomorrow it will open above the 50 day sma and cause shorts to cover a teh open leading to a continuation of the rally.

Not gonna happen. We need a good sized selloff today or the we retest this years highs. I am betting that the bear market rally of the past 11 months is over.

We shall see.
 
Looks like double top. After getting stopped out short, I scalped long for .50 and am now short from 1105. Target is 1102. Its just 1 contract, so stop is wide.
 
Thats a problem. They will glue price close to top of the day - common case last time and all daytraders will be ..... Did you observe roach or mouse in glue trap? They kill themselves with own activity.
 
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