ES Journal Archive (2011)

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Quote from letemrun:

SPX settles 1221.58... looking for below 1200 now on ES, time to go find a turkey sandwich and some vodka
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covered ES at 88, long the nq from 2200... looking to gobble up some es long here

edit: long es 87 now
 
Quote from Laissez Faire:

What support are you guys observing below?

I`m seeing 85/86 and 82 for starters.
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I just traded the "look" of the chart, nothing more. Trendwise I think we are still flirting with more downside, but the long just felt right at the time.
 
Quote from bigsnack:

I just traded the "look" of the chart, nothing more. Trendwise I think we are still flirting with more downside, but the long just felt right at the time.
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I took a B/E long trying to pick a bottom, but the lack of follow through stopped me out.

Consolidating here, that`s for sure. Bottoming out? Maybe, but I do not see any strength yet. Although TICK is improving, it is still very weak.

Could just as well break below from here, I think.
 
2 tick higher low. Still triangulating and compressing here.

Is a short risky today? We`re already down 25 points?

Unless it`s "one of those days."

I`m also thinking risky, if 85/86 could act as support. If 82 is the low, there is still profits to be made on a break.
 
Quote from Laissez Faire:

2 tick higher low. Still triangulating and compressing here.

Is a short risky today? We`re already down 25 points?

Unless it`s "one of those days."

I`m also thinking risky, if 85/86 could act as support. If 82 is the low, there is still profits to be made on a break.
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fwiw (possibly nothing), a metric I've spent a lot of time working on says Ma & Pa Kettle are liquidating and institutions are accumulating right now.

We'll see...
 
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