ES Journal Archive (2011)

[gmst]

short 52.5, stop 54.75, target 47.5 (50% RTH level)

 

[wave]

gmst, your stop is in the noise

 

[wave]

mid 50s, 56ish is the sell area

 

[Laissez Faire]

Gap is still at 55,75. It did not move since last time.

Unless some heavy selling appears, I think it is wise to wait with shorts until that is tagged.

 

[Laissez Faire]

52-53 is yesterday`s 50% and pivot level. A good place for a bull flag consolidation right?

Maybe a strong break below 51,50 could be a decent short signal if we don`t tag the gap after all.

Anyone in the know on this?

 

[gmst]

Thanks wave and LF - I get your points. After reading your comments, it seems that the short I took was just based on completion of gapfill and otherwise there was not any reason to it. So, I closed it for 0.25 gain.

I will be looking to short once we touch 1255, or there is a break down.

 

[wave]

gmst, you may have just caught it by a tick. nice trade.

 

[tortoise]

Quote from Laissez Faire:

Gap is still at 55,75. It did not move since last time.

Unless some heavy selling appears, I think it is wise to wait with shorts until that is tagged.

AH close is 1253.75 ...evidently the target "they" had in mind

 

[gmst]

long 1150.75, we are probing 20ema....and there hasn't been any quick followthrough on downside movement... .tight stop here: 1149.25

 

[gmst]

Quote from gmst:

long 1150.75, we are probing 20ema....and there hasn't been any quick followthrough on downside movement... .tight stop here: 1149.25

stopped and reverse, short 1249.25, looking for 47.5 at least