ES Journal Archive (2009 - 2010)

[emg]

Plan on going long at 1196.25

 

[Eko_Trader]

Quote from emg:

Plan on going long at 1196.25

Not gonna happen (It better not). Daily low 1197.5 must hold if we plan on exploring Mars or Jupiter...whichever u prefer.

 

[emg]

Quote from emg:

Plan on going long at 1196.25

plan on going short at 1211.75

 

[Pholeuon]

If SPY will go over R1 I will be very surprised considering overbought conditions and volatility. I will try short ES is it will happen relatively quickly.

 

[Eko_Trader]

Quote from Pholeuon:

If SPY will go over R1 I will be very surprised considering overbought conditions and volatility. I will try short ES is it will happen relatively quickly.

where's R1?

BTW, with this orgasm-inducing housing number, I hope we don't capitulate to the upside or the FED comes to take the punch bowl away.

 

[Lawrence Chan]

Quote from Pholeuon:

If SPY will go over R1 I will be very surprised considering overbought conditions and volatility. I will try short ES is it will happen relatively quickly.

Reason - EURO

 

[Pholeuon]

SPY R1 is 121.71.
There are unwritten rules on overbought conditions those are violated on blow otf top only. Or we stay bellow this number, or we have blow out top. Of course, it changes with time so if we will hesitate here few hours it will change but for next few hours I think top is in or close

 

[David M]

long 1206 ...

 

[Lawrence Chan]

Quote from Pholeuon:

SPY R1 is 121.71.
There are unwritten rules on overbought conditions those are violated on blow otf top only. Or we stay bellow this number, or we have blow out top. Of course, it changes with time so if we will hesitate here few hours it will change but for next few hours I think top is in or close

Bearish like you and short bias. =)

 

[OTCkrak]

Quote from David M:

long 1206 ...

dont fight the trend