ES Journal Archive (2011)

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Quote from flipflopper:

rumor vs. news.

Target for the day is 1229. Friday before the week before Christmas All the bad news is out. Nothing but hope till the new year.

Technically bullish too. We keep gapping up overnight and selling off yet failing to make new lows. Pretty soon bears will give up and bulls will squeeze.

May happen today.
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I agree with your analysis, though mental scars of last trade is preventing me from going long yet.
 
Quote from bigsnack:

No fill at 11's for a long, order canceled.
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You won't get filled on a pullback for a long. Going straight up. Mirror imagine of this morning. No one could get short unless they used a market order.
 
flipflopper and satchel, can you explain why it's going to go straight up? I am not familiar yet with the behavior surrounding options expiration, and is this different because it's a triple witching instead of double today?
 
Quote from JoshDance:

flipflopper and satchel, can you explain why it's going to go straight up? I am not familiar yet with the behavior surrounding options expiration, and is this different because it's a triple witching instead of double today?
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It's quadruple witching actually.

Just means the market will act like an asshole and traditional winning strategies won't work.

I think it will go up like an asshole so that traders will chase. Just like it went down like an asshole.
 
long 1213.5, target 1218+, it took some effort to overcome my damaged psyche from the last long trade to go long again. Let us see.

Satchel and Flipflopper, second that request from Josh.

Also, what is double witching or triple witching or Quadruple witching.
 
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