ES Journal Archive (2009 - 2010)

[NoDoji]

Quote from HuggieBear:

WHat in the world is driving the ES to where it currently is? Threatening to test recent highs...

People who see it threatening to test recent highs are buying it to profit from the move to test recent highs. People who plan to sell are waiting to see what happens at a test of recent highs. So you're either buying or waiting to sell, which leaves the action in the hands of those pesky buyers

 

[HuggieBear]

Makes sense.


I am probably shorting too early. Would be par for the course.


Still, I've got the right SL. R/R probably not optimal.


Feel pretty confident about this one though...i am taking profit at 1103 and 1101 (probably before i wake up...)

 

[tomahawk]

Should get a MR sometime overnight, probably in the wee hours. Although from what level is anyone's guess.

 

[HuggieBear]

Thats what i am figuring on...especially given that we are now overbought and facing serious resistance at 1110.

 

[volente_00]

Quote from schizo:

My oh my! DEMTDAYBOYZ ran out of lubes!

I'm sure there's a pep rally currently going on to cheer up the bulls, but I wouldn't be so easily fooled. [/QUOTE]


Did you enjoy those trannies reaming you shorty ?

 

[schizo]

Quote from volente_00:

Did you enjoy those trannies reaming you shorty ?

Yeah, I'll let you enjoy yourself at my expense...for now. But weren't you raped by the same shorties last night? Oh, ho, ho.

 

[schizo]

Quote from schizo:

Short 94.25

10 point stop.
25 point profit target.

Got stopped out earlier at 1104.25.

Now reentering short at 1104.25

SL 1108.50;
Profit target now stands 35 points down from here at roughly 1070.

 

[JSSPMK]

Quote from independenceair:

I agree with that EURO call, looking good for a bounce..something with the YEN too..been wanting to sell yen for awhile (usd.jpy)

When the FED increased the discount rate Euro dropped then bounced to form a hammer that day, yesterday again quite a lot of economical news and yet Euro dropped to same 1.3440-50 zone, put in a series of higher lows/highs and we finished day again with a hammer. LC pointed out that discount rate increase in USD would cause Euro to sell off in a big way, perhaps not imidiately. When 1.3440 breaks there will be a big sell off in Euro ImPO.

 

[Pholeuon]

Technical points to EUR bounce, fundamentals to fall.
Question is where "political wish". For manufacturers etc what is worse are rapid changes. I believe politics wish that it move much slowlier than it is now.
If there will be some form of bailout of Greece (and it will be, there is no other option, sooner or later) I believe (and I am afraid) that Euro will bounce. Moreove stock market will go up with it therefore there will be no real power fighting it, I think.

 

[volente_00]

IHS


rs 1104.25