ES Journal Archive (2011)

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Quote from Laissez Faire:

Long @ 1334. Target 1339.

Stop & reverse short @ 1333. Target 1325.
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Stop @ 1335,50 on my short. Will manage a cheaper exit if there is no follow through and we close convincingly above 1334.

OR mid stopped the sellers on this first thrust down.

UPDATE: Fake breakout of OR mid?

Stop tightened to 1334,50.

Since Bernanke is speaking now, we might chop around until the market has digested his speech and we can find a direction.

Ben usually tells the market good news, so perhaps it`s a bad idea to be short.

UPDATE: Stopped out @ 1334. Buyers seemed to be stepping up down @ 1332.
 
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