ES Journal Archive (2011)

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Quote from wave:

maybe we do touch 1252 today...key is knowing where to be positioned and have the patience to wait it out...then ride it.

They likely save it for Thursday close.

To punish the overnight shorts today who thought they are winning today by close. =)

If we sell another steep sell off back down to below 1207, they will do another intervention today.
 
Quote from Lawrence Chan:

They likely save it for Thursday close.

To punish the overnight shorts today who thought they are winning today by close. =)

If we sell another steep sell off back down to below 1207, they will do another intervention today.

"another intervention today" means after close tonight.
 
Quote from satchel:

last few times I can remember anything like this happening we pretty much sold at the open, hardish.

Really ?? can you pleaes give some example ?must have been 2008.....so you think we going to sell off at open ?
 
Quote from gmst:

Really ?? can you pleaes give some example ?must have been 2008.....so you think we going to sell off at open ?

Sure we will, question is from which point?

There will be some profit taking. For all those who await 1252....lets be realistic, the rally is huge already, a bit extended, and the market will be open tomorrow for higher prices to potentially come. I do not expect a rally from Tuesday S&P @ 1190 to Wednesday morning 1252.

Then again....it is always possible :)
I will be shorting it for scalps ;)
 
Quote from noone3:

going against this might hurt eventually but took another lot at 34
previously reduced at 31.25

definitely the short side was the tough side unless one managed to cherry pick this morning.

I am late to report but took another b/e for half the position, and now holding a losing one again but looking to avg out with a short around the 34-36 area (will post in time) depending on momentum and time (if close to open or not)
Current price 1231 short
I think both bulls and bears can make some money in this market in the short term
 
Quote from noone3:

Sure we will, question is from which point?

There will be some profit taking. For all those who await 1252....lets be realistic, the rally is huge already, a bit extended, and the market will be open tomorrow for higher prices to potentially come. I do not expect a rally from Tuesday S&P @ 1190 to Wednesday morning 1252.

Then again....it is always possible :)
I will be shorting it for scalps ;)

Thanks for your commentary.
 
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