ES Journal Archive (2009 - 2010)

[startraitor]

After the overnight move up faded I abandoned the eoq upmove scenerio as well.

This goes back to the fade of the highs on the 21st. New paradigm in effect and going down.

Quote from BA_Trader:

I smelled something funny last night... but yeah it was a surprise! I was not prepared to get on board the night train.

As for targets and new lows etc. - I'm with LC - how long until we get there is a more interesting question.

 

[Lawrence Chan]

Quote from startraitor:

After the overnight move up faded I abandoned the eoq upmove scenerio as well.

This goes back to the fade of the highs on the 21st. New paradigm in effect and going down.

Yes, today is critical as the dow 10k can no longer be an excuse to go long.

Next is SPX 1K

Could be done in a day or two.

 

[schizo]

Quote from BA_Trader:

As for targets and new lows etc. - I'm with LC - how long until we get there is a more interesting question.

I bet all the bulls are looking for a repeat of 05/25, praying for the god's work to be done unhindered.

 

[schizo]

Quote from Lawrence Chan:

Yes, today is critical as the dow 10k can no longer be an excuse to go long.

Next is SPX 1K

Could be done in a day or two.

What then?

 

[volente_00]

If the bears cant break 40 cash and with a magnet above DEMTDAYBOYZ are going to trip the buy programs

 

[volente_00]

Quote from Lawrence Chan:

Yes, today is critical as the dow 10k can no longer be an excuse to go long.

Next is SPX 1K

Could be done in a day or two.

h&s projects to 860-880 if sellers take out the neck with volume

 

[schizo]

Quote from volente_00:

h&s projects to 860-880 if sellers take out the neck with volume

Give a quick glance at the IHS made back in March 2009.

 

[Airwaves]

Bound to get a further big drop after lunch and stuff aren't we.
Looks very bearish. Few thousand point stop on the Dow maybe.

Shame i didn't short just before the news earlier. Was so obvious by the way the price was crashing into the # that someone knew somehing and that they would carry on selling it

 

[schizo]

Quote from volente_00:

If the bears cant break 40 cash and with a magnet above DEMTDAYBOYZ are going to trip the buy programs

Long 42
SL 39


Looking for a bounce up to 50-53 before another dive.

 

[oraclewizard77]

Was thinking of going long spy calls again, but you are all so bearish, so will wait for a better level.

I did make money going long recently on es and cl.

I still think this is the low for today and we will not go lower, but I don't want to buy calls, since say Wed, if we do go lower than we could fall down hard.