ES Journal Archive (2011)

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Quote from Now is Now:

3275 hit but no cigar;yet

STOP 3000 b/e

NiN

Congratz, NiN. Have not been around much lately, but I see that you`re still kicking ass =)

What`s your win rate on this particular strat? 80%?
 
Quote from ammo:

whats considered within normal, and what ratio would be over /under skewed

Any hit above 250/300 is extreme, but as we saw in 2010, it can go on for a while. But the problem for bears is that we hit extreme levels of pessimism a couple of weeks ago in the options market and that might not yet be completely eradicated, so it does not take much to create mega squeezes. I just think we are due for a pullback to at least the 5 dma's, though.
 
Quote from marceck:

Any hit above 250/300 is extreme, but as we saw in 2010, it can go on for a while. But the problem for bears is that we hit extreme levels of pessimism a couple of weeks ago in the options market and that might not yet be completely eradicated, so it does not take much to create mega squeezes. I just think we are due for a pullback to at least the 5 dma's, though.
theres a saying that if everyones already long,who's left to be a buyer..we may just be sitting up here buying 1 and selling2 ,distribution ..... chart reduced
 

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