ES Journal Archive (2006 - 2008)

people want to raise cash levels before weekend.

 

long under 1506 good for an easy 20-30 pts.

 

covered 4's.. done for the day.

 

Yes, I did. I simply don't have time to read all of the posts here.

 

high made in overnight globex 1525.... Like I said when a very important level is broken most likely a strong role reversal. Im out of almost all my shorts on futures... have short a couple call spreads waiting for a new entry to get short... I could miss a major continuation to the downside but I just dont like chasing the market. Ill just continue to play the long side on the yen and trail my stops down on the futures.

 

So your long looking for 20-30 points right now?

 

... if this shapes [UP ] the way it could....
... holding 1498.75
.... then new interim target is no longer 1492.5 ... but rather.....
.... 1472.5
.... no chance now of filling out the pattern on the daily
... final target is still 1398.75
....edit... UP meaning 1518 is possible... but i would say a little lower than that

 

once this short term fear liquidity cycle is over 2 more days at most. I expect Holiday rally to start.

Cash is waiting to be put to use.

 

you wanna wager a move to 1518?

 

watch xlf financials, financials and oil makes up alot of the es.