ES Journal Archive (2011)

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Quote from Smart Money:

Yep, Yep, Yep. What daytraders were seeing as chop, us swingtraders were seeing as an uptrend. It was strong enough to daytrade. Because price is (now) so far above the M.A. and price loves to revert to the M.A., I kinda think we'll see a 1-day reversal, like a red candle on an otherwise upward trend, and then the trend will resume. Alternately, we might just see sideways action. The smart move might be to short tomorrow with a tight trailing stop and watch the larger cycle for the upswing either end of day Weds or Thursday.
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OK, so I fumbled the ball yesterday trying to call the bottom. But do I get extra credit for calling 3 days in a row correctly overall? :)

But yeah...this calling it during the day stuff is tough. Hats off to you guys. Easier with a longer horizon.

SM
 
Quote from pauk:

out +3
still holding the other ones

order in to buy again at 1335
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should have held that long for longer! Snatched profit a bit there.
Never mind, still holding the other longs.

Should have all of the downside nonsense out of their systems now, ready to push on up with the usual buying.
 
Quote from DanS:

52, then 60. Feels like a runner today for some reason.
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Commodities rebound / short squeeze.

close of the pit in half an hour should provide some respite - not saying it cannot go higher.

My 0.02

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48.75 is 2 x R10
 
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