ES Journal Archive (2011)

[iloveoptions]

Quote from volente_00:

Nothing wrong with averaging as long as you are not fighting the trend

You are absolutely correct. I was fighting a trend that I shouldn't have been engaging in reverse, even though my experience was telling me all along that the trade was wrong. After all, I wanted to really go short. What's the matter with me??

 

[ammo]

spx 1 yr nip, arrow denotes 1199 ledge

 

[aquarian1]

Quote from Eddiemorra:

getting back short again very soon. Seems to be a genuine crash offering free money

Hi Eddie,

For sure you are right.

But remember that the thieves know what you know and the US govt gave the president the power to buy and support the market any time he wants to - no limit and taxpayers money. (no not POMO but a little talked about bill).

So just remember the thieves will be
doing:
"run them now? run them now?
- no not yet wait til you see the whites of their eyes."

Once most of the public has decided to go short
-- then they'll shoot.

Be ready for a sneak attack.

You've bag a 44 pt winner - so that is fuel to fight them once they do a surprise counter and it tops out. (1279??)

They, the big bozy, have the money to steal and they don't want the public on the short wagon with them.

They will shake the wagon so just be ready for a surprise counter-attack.

The bull is dead and you are right about looking for another time to short. Just remember the enemy is clever and devious and knows you better than you know yourself.

once again - well done today!

 

[ammo]

unless we are in dire straights,when all of these get below 30,they say there is no one left to sell....http://www2.barchart.com/stocks/momentum.php

 

[FreakofNature]

Quote from volente_00:

black box has spit out tradeable bottom of 1137 to 1145 this year

You mean as in the lows of the year ?

FoN

 

[aquarian1]

Quote from ammo:

unless we are in dire straights,when all of these get below 30,they say there is no one left to sell....http://www2.barchart.com/stocks/momentum.php

Yes - for the short term

 

[pocketmoney]

Quote from pocketmoney:

short 1216
stop at 1246

holding
im sure every decent attempt at a bounce will be sold hard.

 

[Eddiemorra]

Damn, missed that short just then from 1200 area.
That had to be a sell and I missed it. A rally like that had to be sold whilst we're in 'crash mode'.
Hopefully it'll give me another chance to short it later on.

 

[pocketmoney]

adding another short.
Seperate trade.
short 1190
stop at 1210

 

[iloveoptions]

Quote from iloveoptions:

Thank you joneog for the kind words. The market will more than likely rally, that's nearly certain. Because we both feel that way, I re-entered long with 1 position on a stop at 1199 not too long ago. My adds are awaiting at 1188.5 and 1184 in case we dump some more before we rally hard again. No stop on this 1 position, lol.

Filled on all. Three more adds awaiting at 1175.75. Targeting 1215 on current open position.