ES Journal Archive (2009 - 2010)

W4rl0ck · Apr 22, 2010

Of course we all know the market is going up forever and never ever ever ever correcting even a tiny bit, but this is interesting just as an academic exercise -

So far so good.

http://www.youtube.com/watch?v=h0W63rIoimE

volente_00 · Apr 22, 2010

86

06

OTCkrak · Apr 22, 2010

just thinking about the MSFT earnings bombing and maybe 'emg' can finally get his 1179 fill

tortoise · Apr 22, 2010

Quote from volente_00:

86

06

??

volente_00 · Apr 22, 2010

Quote from tortoise:

??

r10 x 2 short signal

F112358 · Apr 22, 2010

Magnificent opportunity to:

Short more ES!.

Rashid_G. · Apr 22, 2010

Short bias is something else.. NQ travels 45 points from 2000 logical support (at least try the long) but I am down for the day... Stared at the 2017 area long signal and couldn't take it, shorted 2037 for a loss..

Speechless.. If one is going to be biased at least be so in the direction of the trend..

Pholeuon · Apr 22, 2010

Ok, out at 2037.75 5 points is enough.

Tortoise, any comments?

Edit. I do not risk keeping position overnight with AMZN behind my neck - although I believe in much bigger retrace overnight.

Quote from Pholeuon:

Shorted at 2042.75 Stop 5 points. Target about 120.20 SPY or EOD

F112358 · Apr 22, 2010

Quote from Rashid_G.:

Speechless.. If one is going to be biased at least be so in the direction of the trend..

The trend is so obviously down that you can't see it. Tomorrow you will agree, of course.

NoDoji · Apr 22, 2010

Quote from volente_00:

But if you had went long this morning how much would you be up ?

I agree, the market threw off a perfect long signal by way of a breakout from an ascending triangle. Held through the close, an amazing 11+ pt move, but I have a short bias in general. I'm at it again, I just shorted a while ago @ 1204.50, stop's now at 1204.25 and we'll see what transpires...

ADD: See the market just took less than 20 mins to reverse the previous 2 hours' climb. Shorting satisfies my ADD self