ES Journal Archive (2009 - 2010)

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The market looks like its being pulled in the 1250 zone by options exp...then a nice healthy reversal of the entire move up from last march......at least that is what I am kinda thinking could possibly happen
 
Quote from jkweeden:

The market looks like its being pulled in the 1250 zone by options exp...then a nice healthy reversal of the entire move up from last march......at least that is what I am kinda thinking could possibly happen

+1

But I think we get a pullback prior to the run to 1200+
 
at 1200 the momentum traders will help catapult this pig higher then a sharp reversal(1225-50) ....? The market has just come out of a really bullish consolidation pattern....time to run those stops on the shorts
 
Quote from jkweeden:

at 1200 the momentum traders will help catapult this pig higher then a sharp reversal(1225-50) ....? The market has just come out of a really bullish consolidation pattern....time to run those stops on the shorts

there are no shorts left to squeeze. I don't see any stops above 1200.

The squeezing of shorts occurs on a daily basis as an intraday phenomenon, i.e. futures down 5 on low volume, shorts jumping in, and market rallies 10+, this is the kind of squeeze we're seeing.

Do you have any intelligence to share on where stops are located and their expected size?

Cheers
 
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