ES Journal Archive (2011)

[JoshDance]

morning satchel and all-- very weak market overnight... may provide some support here but no reason I would want to look long yet.

 

[Trvlwanderer]

Gap fill down to 1197 today?

 

[noone3]

Quote from JoshDance:

very weak market overnight... may provide some support here but no reason I would want to look long yet.

Agreed.
Also the gap below looks sexy
The USD is testing levels, gold as well and who knows what else i am missing.
I vote for a free-fall

 

[JoshDance]

when it's too obvious I get cautious... but actually a nice little runup just before or after the open may be even more reason to get short

 

[satchel]

as stated before, i'm no genius : )

A) it's funny to me that this Sund I went short in the 1250s and blah blah'd about recent saucer tops and a down week and be aggressive shorting this week. I've done none of those things : /

B) because of FOMC and no reaction bounce yesterday, my finger-at-the-wind statistics is....the 'reaction' shows up the next day. just my experience on FOMCs.

 

[satchel]

i.e. i should have added:

buying morning lows

 

[JoshDance]

only 280 contracts sold below the low...

 

[ammo]

http://caldaro.wordpress.com/ ..tony mentions a low being put in often around fomc meets

 

[ammo]

sh 15 target 10.5 add 17.75 out 15.5

 

[Trvlwanderer]

interseting. finnies leading the long charge this morning