ES Journal Archive (2011)

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Quote from gmst:

stopped at 1260, and reversed to short at 1259. Target 1252 at least, maybe 1240s....let us see.....


S&P putting european AAA on credit negative is a biggggg news.

I am thinking if I should move the target to 1245 ??

Or, maybe even leave the short overnight and hope to cover around 1232 or so ??
 
Quote from gmst:

I am thinking if I should move the target to 1245 ??

Or, maybe even leave the short overnight and hope to cover around 1232 or so ??


I don't think 1232 is gonna happen. 1243.75 -- maybe. That'll be it for the pullback
 
Quote from tortoise:

I don't think 1232 is gonna happen. 1243.75 -- maybe. That'll be it for the pullback

definitely the probability of 1232 is lesser than 1244....and always some dollars in pocket is better than giving back to Mr. Market.

I am putting in my buy limit at 1244 and see how it goes.
 
Quote from satchel:

weigh against was tick extreme...

Imho, tick extreme shouldn't mean that we have seen LOD. If my understanding is correct, this is a very big news. Even if price retraces 2-3 points, I am reasonably sure we will see under 1250 today.
 
Closed bulk shorts and runners left. Chomp chomp.

EDIT:
52 to 55 is incredible support - gotta break, once it goes timber and pale ale.

and see who has the hand of volume at the close!
 
Quote from gmst:

Imho, tick extreme shouldn't mean that we have seen LOD. If my understanding is correct, this is a very big news. Even if price retraces 2-3 points, I am reasonably sure we will see under 1250 today.
47-48 es is fridays regular trading hours nip and 47-45 is the 20 day rth nip,i wouldnt get long there but it should get there today uvol dvol ratio dropped from 16/1 to 5/1
 
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