ES Journal Archive (2006 - 2008)

failed to bounce more 1/2 way of previous bar on 5 min, broken channel...

 

You referring to 1310.50 as halfway mark of breakout bar on 5-min chart from recent consolidation?

 

exactly, and still looks weak to me, but finger on the buzzer though 1311.75 stop

 

Yes, that is good. I was looking at it from a Fib retracement but it still gets to the same point. I would watch that 1309.75 since it keeps bouncing off of it, a 3rd time might push it through and then the floor will drop off a bit. If it hovers there, try and get the bid to buy back at 1309.50

 

normally trend should stay short till the close.

 

I am hoping for 1306-1307 range to close

 

If I am not a total Duffy, selling should kick in soon now, but that is more of a gut feeling there, etc

 

09.75 level was broken nicely... nice short.

Do not get too greedy since those late day rallies can come from nowhere

 

thanks OC, covered 1308.25, have to go out now unfortunately, otherwise would have held until BE or more gains. C u guyzzz.

 

Good cover and nice 2 pointer...