ES Journal Archive (2011)

[Picaso]

Quote from bigsnack:

ha ha! I knew he/she wouldn't make friends gloating about someone having the market go against them. I think here comes EMG's original target.

Nobody messes with my imaginary internet friends!!!

 

[bigsnack]

Quote from Picaso:

Nobody messes with my imaginary internet friends!!!

LOL!

I gotta stay bullish if these bearish TL's keep breaking, but I feel like a prime entry has already come and gone, so I will watch the rest of the move.

 

[PIPMAGIC66]

am i the new man in up this space??

 

[bigsnack]

Quote from PIPMAGIC66:

am i the new man in up this space??

I think so, yes

 

[volente_00]

Quote from PIPMAGIC66:

you just got knocked the hell out.

no sabe matematicas wey ?

Quote from volente_00:

Getting thirsty


Short from 96


will add at 1200 and 1204 if needed


Stop is 1215


target is 1177

 

[volente_00]

Quote from Builder17:

seems this wedge has potential to 1225.

I agree thats is possible if I am wrong on my short

 

[Lawrence Chan]

Quote from volente_00:

I agree thats is possible if I am wrong on my short

Another attempt at creating a H&S on daily is here.

If you are correct, we may get a lot lower than just 1077

 

[volente_00]

Quote from Lawrence Chan:

Another attempt at creating a H&S on daily is here.

If you are correct, we may get a lot lower than just 1077

I have 1042

 

[gkramer]

Quote from bigsnack:

LOL!

I gotta stay bullish if these bearish TL's keep breaking, but I feel like a prime entry has already come and gone, so I will watch the rest of the move.

I see 1250 by the end of next week. A pullback at 1230 to 1190 would be a gift.

 

[marceck]

Tops are NEVER formed with this kind of sentiment:

http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx

Backing and filling to come, but this rally is going much, much higher. A week ago, I noted the sentiment numbers would set up a monster squeeze. Now sentiment is even more bearish, which will make short plays difficult.

Word of caution for those gambling big the short side. Be nimble and stay away from herd mentality when a rally gets started (the disbelief crowd).

Buy the dips. NQ closed above its 200 dma. Where do you think that puts ES in a week?

Targeting ES 1248 before we get any meaningful drop. And there will be billions of dollars waiting in line to buy it.