ES Journal Archive (2011)

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Quote from Pekelo:

Long term prediction coming, based on the weekly chart:

The SMA 9 line is around 1310 SPX, and I think that would act as resistance. From there we would start to drop and visit the lower BB line, around 1220....
We could reach 1310ish today and downhill from there, but no later than next Mo-Tu...

So in ES 1304ish is a nice area to get short for a swing drop....

5b5l09.png


The chart showing the typical, reversal to the mean play...

1302.5 is the # in my book
 
Quote from RichardRimes:

That was some nice trading LF...mine was sucky.

I don't know why but I have 1310 in my brain........ just no guts to play it long right now. perhaps if we drop again tonight I'll try another buy.

shit...at least I woke up in time to get 3 pts to the short side...life's a beach
 
smoke time does not mean cigs...means time for weak hand trapped by 5 min retracement to get smoked...experience said sell all the way ..sell the rally... again 1300...century for the 2nd time....buy dip:?
 
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