ES Journal Archive (2011)

[tortoise]

Quote from volente_00:

Sold longs at 93.25 and reversed short with stop at 98 and target of 86.25

If it can't bust through 93.25, that will be a real statement, especially given the amount of buying pressure that's materialized over the past hour or so ...

But we'll see.


[EDIT: FWIW, 1291.25 is, arguably, of greater significance at the moment. That is, IMHO, the line in the sand.]

 

[tycoonman]

Quote from tycoonman:

sorry. stop @ 89.50

exited at 93

short @ 93.50; limit 90.25; stop 95.25

 

[esmonkey]

You guys really think it's gonna move much before Bernake speaks at 3:45PM? Fading every move is working well til then.

 

[tycoonman]

Quote from esmonkey:

You guys really think it's gonna move much before Bernake speaks at 3:45PM? Fading every move is working well til then.

its going to dip till then in my opinion

 

[volente_00]

Stop moved to 96.5

 

[esmonkey]

Quote from tycoonman:

its going to dip till then in my opinion

You may be right. Too much time between now and then. One side will get tired of tick-fugging and push it on thru.

 

[tortoise]

Quote from tycoonman:

exited at 93

short @ 93.50; limit 90.25; stop 95.25

remember folks, "never short a dull market."

 

[tycoonman]

Quote from esmonkey:

You may be right. Too much time between now and then. One side will get tired of tick-fugging and push it on thru.

3% capital surcharge will decrease lending and market will decline. Bernanke will say that it will stabalize the market/dollar but for us ES traders it will likely result in a dip.

 

[cashcarewins]

One leg up overnight, than consolidation so far. Odds favor a second leg up, perhaps to 1296 region. Odds based on the fact that after the initial retrace (in this case on 6/2) subsequent retraces are usually two or more legs.

 

[aquarian1]

Quote from volente_00:

Long 90. Stop 86. Target is 97-99

should get yur 97 soon!