ES Journal Archive (2006 - 2008)

Adding on more at 1464.25 after 15-min reversal bar seen.

 

Could touch 71.5 before reversing but the higher probability is it is putting in a mini H and S forming right shoulder at ~ 65.5. But today is OE and someone on here said we will touch 1500 earlier this week.

 

Could also be a Wyckoff thrust reversal and have a false breakout above 1466 before taking a dump. Lotsa possibilities.

EDIT: Stopped out at 66.50. This could be the Wyckoff head fake right here.

EDIT: Short once again at 1464.25.

 

Out 633.50. Don't like the lack of bid in net-stocks.

 

if you see whats happening in the world, its some of the worst news possible historically, just as the housing news was ignored till it couldn't the same macro news is being ignored till it can't.

 

Covered 1/2 at 1458.25 for +6.

 

took a quick 6 small size from 65......to 59

expiry has me looking closer to the 71.50 zone for a carry over.

edit: or they can run it right down to 40.....being that i`m only here for a 1/2 day, took the safe route

 

covering here at 1457 for 6 handles profit.

 

All equity investments (muts) outside of the trading account were pulled at the close yesterday. I am 100 percent in cash and short the ES --Long Yen futures versus the USD as well

 

Covered remaining 1/2 at 1455.25 for +9. Now flat.