ES Journal Archive (2009 - 2010)

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Quote from jkweeden:

then short the market....i will ride it higher for you!! I think there will be a more serious correction when the market reaches 1250 zone until then I am gonna stay long and strong....unless price action says otherwise.

Any particular reason for why you chose 1250 over, say, 1400? Post a chart please.
 
A big problem for longs this week has been that the average trading volume is concentrated around 83 yet there has been very few buying activities just few points above it so far. I suppose a way to solve that problem, as we all know, would be to gap it up tomorrow and create a little cushion in the morning so that the Dow may pierce above 11k and SPX can go above 90s. It's about time too, since we've had 3 straight days of gap downs. We'll see how it all pans out tomorrow.
 
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