Short the ES with impunity 08/02/2006

Quote from romik:

with 1 lot?
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Yup, on occasion 2 lots. Cant risk too much with my account size.

And i am only looking to make 3.5 handles. Cant imagine making too much with all the back and filling going on
 
i think we are squeezing higher, the question si where does the squeeze exhaust to figure out if this is real, feels like it could test near previous highs (kinda a W pattern on weekly)..

but definately feels like a squeeze going on.. prob on low volume summer gamez...
 
Quote from Mike805:

Yes, thats one way of getting to the end goal.

My strategy is more timing orientated in that I get stopped out very small and often. Once I get the trade working correctly, I really pile in. I never let losers go very far period. If the trade isn't working, I kill it, no matter what.

I would have no problems killing this trade in the coming day or two and re-entering at the 1300 level.
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Washing the windows here at 1285. Need a better view, seems like too many people are short.:)

Mike
 
I took half off the table mid 70's. Will look to add shorts if this goes higher or reenter shorts if it hits mid 70s again.
 
If this stays around this range by closing, we're going to end up with a potential spinning top in a candlestick perspective.

If, it goes back to where it opened, then we have a gravestone doji that could signify a stronger reversal to the downside. This all depends on where it ends to day (weak or strong).
 
most upside moves are being pushed down. I'm getting ready to short more at this point but will wait and see if we have follow through for tomorrow and Thursday.

I think the August drop will take place soon.
 
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