ES Journal Archive (2011)

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Quote from tortoise:

if we're unable to break through 1237.50, we're headed down to november lows
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Pretty bold but I'm intrigued -- if we're unable to break through by ..when? What if we go up now, turn away at 37.50, and then trade down to mid 20s ... would that be sufficient to say we're going down to 80s? Interested in your take..
 
The market is very interesting... after the first half hour of trading, you have had really only two optimal buy points: 24s during 2nd half hour of trading, and 28s between 11:40 and 12:15 .. and this last buy point has only given you +4 points in the money right now if you're holding. All of this on a day which is up from yesterday almost +40 points. Overnight was the key, and the first half hour of trading. Since then it has really been just scraps... congrats to all who got some of the action earlier.
 
Quote from seouljah75:

Who is setting it up?
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I have no idea, I'm not one of the conspiracy theorists, and don't use "smart money / dumb money" etc. even though I know they can be classified as such. I just mean that it feels like it should go down a bit more, even though this point is a reasonably good place to buy. Quite possible it will just go up from here like it's been doing all day.
 
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