ES Journal Archive (2011)

[Picaso]

Quote from Laissez Faire:

Failure to take out the daily highs here may or may not be a good short

I see a career as a CNBC pundit in your future!

 

[Laissez Faire]

Quote from Picaso:

I see a career as a CNBC pundit in your future!

Makes me sound like a genius, right?

 

[bigsnack]

Quote from bigsnack:

Target 31.75's

Stopped at b/e

 

[tstones]

yes, too tight

Quote from Wittgenstein:

Only a 2 pt stop..??

 

[Laissez Faire]

If we don`t bounce off the 20-EMA from here, I think the signs are there that we are topping for the day.

The original trend line was broken and we failed to take out the highs on that second push up.

Naturally, it could be a trap as well since the volume is low. When the big players come back later, we could easily see higher levels as well.

That said, I`m attempting a short here @ 1125. Stop @ 1130.

Wide stop since I will be leaving the computer now and can not manage it.

EDIT: Stop at 1129. Betting that the top is in. Should not trade up there if we are to see any real selling from here.

 

[tstones]

short 23.75

 

[GordonTheGekko]

Shorting bull ETF's as a hedge against my longs

 

[tstones]

target 1113, stop 1124

Quote from tstones:

short 23.75

 

[Laissez Faire]

What targets are you gentlemen looking at below for the day?

I`m not extremely confident that the top is in, but I`m willing to risk some points and open profits that it is.

If support, which is now at 1120, breaks, I`m seeing 1100 as a potential target. Maybe 1095.

All in line with the recent average range.

Find support at 1120 though, I`m thinking that 1135+ is the most likely area by end of day.

 

[schizo]

How about a long here @ 1120.25

Not for the faint-of-hearts, so I'm told.

SL 1109
PT 1139