ES Journal Archive (2011)

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As I am relatively new to ES, was that spike news related, stops from shorts overnight getting run, or "normal"?

Possible that it's trapping longs for another push down to the 20s?

EDIT: according to my interpretation of one of the charts here, 25 to 27 may be a good buy point. Will be interesting to see what happens on this Friday.
 
Quote from JoshDance:

As I am relatively new to ES, was that spike news related, stops from shorts overnight getting run, or "normal"?

Possible that it's trapping longs for another push down to the 20s?

EDIT: according to my interpretation of one of the charts here, 25 to 27 may be a good buy point. Will be interesting to see what happens on this Friday.

Study the recent history. Fairly normal :)

If you think we trade down to 25-27, why not short it?

I think at least a test of yesterday`s lows should be expected.

Very volatile morning this far with no established direction yet.
 
Quote from Laissez Faire:

Study the recent history. Fairly normal :)

If you think we trade down to 25-27, why not short it?

I think at least a test of yesterday`s lows should be expected.

Very volatile morning this far with no established direction yet.

Thanks LF --

My plan was to short 42, but after moving down to under 36 I changed the plan, particularly with the surge up I was (and still am) unsure about where it wants to go.
 
There has to be a coming short squeeze, its just the way this market works. Pending a big headline ther are going to try and flush out the weak hands.
 
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