ES Journal Archive (2011)

[Laissez Faire]

Quote from Picaso:

That`s a globex chart right?

For some reason, I tend to weigh the globex action less than the cash session.

Horisontal support at cash should carry more significance.

Not saying it`s right or wrong, but that`s how I`m thinking.

We will find out soon enough it seems.

 

[JoshDance]

Quote from Picaso:

support

As a complement to this

http://screencast.com/t/pbfDLCkN

edit: crap, I just realized I drew the arrow to the wrong bar! should have been to the bar whose volume was high, one more to the right. 30.50 looks good

 

[macho grande]

churn & burn em!

 

[JoshDance]

bids holding 31 pretty well so far

 

[Laissez Faire]

The market frequently tells me I`m both right and wrong.

Bounced 2 ticks off 30. So far so good, but not convinced yet.

 

[PushPull]

Quote from PushPull:

Sell 100 SPY at 123.68!!!. Stop is 5.5 points like B1S2's. Big seller just in.

My first target is B1S2's stop. I will cover 75 SPY there, and move my stop to breakeven on the rest.

 

[JoshDance]

i am long 30.75, stop 30.00

edit: stop to 29.75 to hide behind a few more bids

 

[Picaso]

ultrashort it says down (I'm still bullish)

 

[PushPull]

Quote from PushPull:

My first target is B1S2's stop. I will cover 75 SPY there, and move my stop to breakeven on the rest.

Stop lowered to breakeven. Are you nuts?. Risking 5.5?. I thought you were joking, and I was right.

 

[Laissez Faire]

Looking weak now. 20-EMA @ 28 could provide a bounce.

Could still be a trap as well.