ES Journal Archive (2009 - 2010)

[volente_00]

5 min

 

[BA_Trader]

Quote from Alexandre:

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

This is why I think the PB is likely - if market shows red on the daily every bear and his dog piles in... then once all the bears have their swing/LT trades in place they run it up and the stops fuel the fire to 1200+

This type of thing happens on every timeframe.

 

[jkweeden]

1250 is a major energy attractor.......things will develop. I have nothing more to say. Time will tell, it is all about energy.

 

[Alexandre]

well, today there is nobody to squeeze so the fuel will need to come from somewhere else

 

[ammo]

could be profit taking http://www2.barchart.com/momentum.asp dont think we will get above 1190

 

[Kedwards]

Fed Minutes not worried about inflation, stay long but keep eye on sov. debt

http://imarketnews.com/node/11305

 

[emg]

Quote from emg:

I am still holding my short pending order at 1185.00

filled short 1185.00. looking 1pt profit

 

[volente_00]

Quote from volente_00:

DT or an IHS that will print 86+ on the break

Notice the volume on the neck break and the algos ramping the size and the bid and ask versus when it was at 83 shoulder and it was small on the bid and ask

 

[Eko_Trader]

Stay bullish my friends

Edit: That's what uncle Ben said.

 

[ammo]

add 85, avg 83......ad 6.25