ES Journal Archive (2009 - 2010)

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I cant make this any clearer or state this fact in a less objectionable way so excuse my French. GET THE FUCK OUT OF YOUR LONG POSITIONS NOW! She is going into a waterfall selloff these next few days. She is going to sell down to 1100.
 
Quote from Kedwards:

ECB's Trichet: Greek standby aid plan 'workable'.

I was hoping we'd get more than that. Something more reassuring.

Anyway, I'm short 71.75 touch hoping we can get a trend sell. Target 1160, that was the last 'Greece uncertainty' price level, IMO. Stop 74.75.
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Out 73.75, eur/usd too strong early, thought we'd see downside.

http://imarketnews.com/node/11469
 
Quote from retaildaytrader:

I cant make this any clearer or state this fact in a less objectionable way so excuse my French. GET THE FUCK OUT OF YOUR LONG POSITIONS NOW! She is going into a waterfall selloff these next few days. She is going to sell down to 1100.
More...

Why do you think it will sell down to 1100 in the next few days? Retail sales are smokin' comps to last year, and the market doesn't care much about jobs or Greece anymore. Institutional long positions are happily in a strong, long uptrend and won't sell off until the trend breaks. I think later in the year when earnings comps find it more difficult to reflect actual growth, we'll get a decent correction.

Of course, anything can happen and I just let price tell me what's happening now.
 
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