ES Journal Archive (2011)

[gmst]

my hypothese: HOD for today is done.

Ofcourse hypothesis could be wrong....but based on my overall price reading.

 

[Picaso]

Quote from Laissez Faire:

That and yesterday`s close.

Tough to read this. Looks like some kind of downward channel setting up on the 5-minute here.

Unless 20 could be support from here. I`m confused.

I agree.

FED Beige Book in 1.5 hours...

Lunch...

More chop? Buy the dip, sell the rally, target a couple of points? Worth it?

 

[Macho]

Long 1 @ 121900 stop / reverse @ 121725 +/- tick or slippage.

Target 122400

 

[macho grande]

tis always darkest before the dawn.

POP!

 

[JoshDance]

Quote from Laissez Faire:

That and yesterday`s close.

I understand an initial 50% level being important, but after it's been trampled on again and again in the range we're in, seems that it carries much less significance.

 

[Laissez Faire]

Quote from Picaso:

I agree.

FED Beige Book in 1.5 hours...

Lunch...

More chop? Buy the dip, sell the rally, target a couple of points? Worth it?

Yeah, I think I`m taking a pass until then...

Keeps dancing around 1220 without any follow through either way.

Wish I was emg and did not trade with a stop

 

[macho grande]

revised target@ 1230.50

the DOW been green all day

 

[Visaria]

Btw, the story that came out yesterday which sent es to 1230 was totally false:

http://www.marketwatch.com/story/no...-bailout-fund-report-2011-10-18?Link=obinsite

 

[Visaria]

Quote from Laissez Faire:



Wish I was emg and did not trade with a stop [/B]

emg = "Da House"

 

[PushPull]

Quote from macho grande:

tis always darkest before the dawn.

POP!

Unless there is a full moon. But that was last week, so you are right. POP. Exitlongs at 1232 limit. Si.