ES Journal Archive (2006 - 2008)

moved trailer down to 05.25 on remaining 1/2.....perhaps to tight but if they can get me there ,they can have it.

 

Raised SDS stop another 30 cents to 52.80. Unfortunately, I'm NOT seeing the bearish divergence I'd like to see here for another leg down.

BTW, I tried to sell another 1/3 of my position near LOD (at SDS 53.50) but the damned computer locked up during the volume spike and I had to reboot and missed the exit. I think a faster CPU is in my future.

 

as of this point not interested in getting short until at least 1510-1513 and even then will be waiting for PA to assist my entry.

 

B1S2, you still short full position from 1511?

 

That spike missed my stop by one penny. (Low 52.81, stop at 52.80.) Still not seeing bearish divergence, so I figure it's only a matter of time (not much) until I'm stopped out. Then again, maybe the Plunge Promotion Team will come in and rescue me.

 

1501 area represents(ed) 50% retracement from afternoon low.

 

Looks like I got stopped out of my remaining SDS position at 52.80. Guess I can't complain. Now flat.

(Now watch ES drop like a rock.)

 

On a 60 minute chart, it is going to look like an upthrust (failed breakout to the upside).

 

02.50 hit to tic = 40% retracement..........yesterday swing hi/todays swing lo....sellers were waiting right there.

edit: trailer moved down to just above that swing hi....03.25

 

looks like I was a day early on shorting the candian dollar.....