ES Journal Archive (2009 - 2010)

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Quote from tommymoose:

This is the commentary I love to read right after I put on a short position. Good luck if you're long.

Final target of 950 on the S&P with my stop at 1175 (although I doubt we're breaking 1150 again). It's a position trade, so I'm not too concerned with the way in which we get there, but waterfall sell-off action similar to May is very likely.

While 95% of the traders on here spew off a new call every day, I speak up only when I have conviction. My record on calling significant turning points is damn spot on... search my posts. Then bail on your longs tomorrow morning. :D

Today's price action wasn't too hot. Broke lower out of that triangle consolidation.

A break under 1110-1115 and I might start quasi agreeing with you. Although, to be honest, I don't think we will see 950 print. I am thinking more like 1075.

Good call in the short term though, for sure.
 
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