ES Journal Archive (2011)

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An open above 93.50 would indicate a reversal long. Decent support at a key level @ 86.75.

(if called already sum it up as confirmation contrary! ;))
 
There really isn't any interest to drive value from here for Americans. Europeans aren't conservative at all. In fact they don't know how to trade.

Take your money out of the market.
 
Seems like a very orderly sell off. AH low is next stop and almost tagged already. Next is previous day low. Trend sell formation is still in effect, IMHO.

Not interested in gambling with profits though, so I`m locking in some just in case we`re bottoming out :)
 

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Quote from Laissez Faire:

Seems like a very orderly sell off. AH low is next stop and almost tagged already. Next is previous day low. Trend sell formation is still in effect, IMHO.

Not interested in gambling with profits though, so I`m locking in some just in case we`re bottoming out :)
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Good little short. Its not over.
 
Quote from klinckphilip:

Good little short. Its not over.
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Thanks. I bailed at 1185, which might just be the retracement in this down trend. It does look a little overdone though.

I`m also coloured by my early losses and mistakes, so I had the chance to finish the day in the green and I took it :)
 
Quote from Laissez Faire:

Thanks. I bailed at 1185, which might just be the retracement in this down trend. It does look a little overdone though.
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Catching up with the 20-EMA here around 1288. Might be a decent short entry.

While it looks overdone, it is still a trend sell day and a 30 point range projecting to yesterday`s low should not be unlikely in this environment.
 
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