ES Journal Archive (2006 - 2008)

Market will probably find support here and trade back up to the 1450's.

Good trading,

JJ

 

Friday I posted what looked like a Head and SHoulders in the 240 minute chart,
here's the same chart, measured move complete as the recent swing low was 1440.75, right in the ball park of a 1440 measured move target.

 

I'm shorting here till 745 on the er2 stop 764

stoped out for -1.5

 

intrday low accompanied by shift in the DOM with size to the ask.

 

11:30 came 6 minutes late today.

 

I'm depending on at least 1448.

 

I have claimed mountains faster then ES since 11:30. This is like trekking knee deep in the Amazon jungle.

 

bulls are definitely losing some power here.

 

Wrong.

The Bulls have no power here. The market is just being taken back-up so a few of them can escape with their lives before it drops back down ... helluva way to trade'em, but to each his own.

Good trading,

JJ

 

Not if you're on the right side. Looks like 7+ handles (so far) if you were/are long since 11:30.

Oh sorry, I forgot, you ARE long. Nice trade management.

Here's to hoping, huffing, and puffing.
Osorico