ES Journal Archive (2009 - 2010)

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Quote from wave:

How many threw in the towel before 1091?

Think like peter piker and you get peter piker returns.
Think like market maker and you get market maker returns.

Still short? Are these market maker returns?
 
I ain't sure what to make of the PA tonight. I was hoping for a nice updrift today to sweep up the unsuspecting bulls who we can all sell to at a higher price. But that never panned out. And, worse, we're again dicking around at the SMA(200) line.

So what's next? If the bulls don't step up to the plate soon, we could technically fall back down to the 90-ish area before attempting another rally. What sez you?
 
might just be end of qrtr squeeze,theres no volume,they should try to hold it up for end of month window dress, but eur usd needs to cooperate, spanish banks having trouble,chinese bond auction trouble, djt closed low,might be because of fdx,bp spill aint helping
 
The up action has been a real low volume grind. The bears have been stopped out. I think that they'll bring it down to give the bears something to bite on and stop out the bulls who couldn't resist jumping in late.

After that - probably stop out the bears and take it up for the end of quarter window dressing. IMO we're in a lateral channel from 1050 to 1140 ..ish.
 
Quote from schizo:

I ain't sure what to make of the PA tonight. I was hoping for a nice updrift today to sweep up the unsuspecting bulls who we can all sell to at a higher price. But that never panned out. And, worse, we're again dicking around at the SMA(200) line.

So what's next? If the bulls don't step up to the plate soon, we could technically fall back down to the 90-ish area before attempting another rally. What sez you?

Looking for a bounce off of around 1100 area to 1110-1112 then a fall from there to 1085
 
Quote from schizo:

I ain't sure what to make of the PA tonight. I was hoping for a nice updrift today to sweep up the unsuspecting bulls who we can all sell to at a higher price. But that never panned out. And, worse, we're again dicking around at the SMA(200) line.

So what's next? If the bulls don't step up to the plate soon, we could technically fall back down to the 90-ish area before attempting another rally. What sez you?

Well played today, after looking over your trades we almost had identical entries but I never bit any shorts today. Still finished up 16.75 per car though. I would also agree that this is headed to 90ish if 1100 can't hold for another rally. Who knows though, I hate trying to predict; just trade what I see. no bias here..
 
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