ES Journal Archive (2006 - 2008)

ok now that we just broke 1200 I think I might go ahead and buy that S2 1204 now.

 

its capitulation

who is left to sell

everyone who thought the financials sucked is already short

and all the longs are wetting their pants and closed out everything i bet

 

LOL!!

 

no follow through below 1200 , i would have though a quick 10 to 15 after the break....

 

NAH,

I was just waiting patiently. I now have an order working to buy ES Z8 @ 1204.50 with a stop at 1190.50. profit target at 1215.50
I will hold it overnight.

 

GOING LONG EVERYTHING AFTER THE 4PM CLOSE.
HUGE BOUNCE TOMORROW MORNING!!!!!

 

1200 is a goner. And it's about time. With fondness, I spit out "hasta la vista, baby!"

 

heres the thing.

after a collapse like today the bounce should be quick and sweet allowing you to play both sides of the market. Long first then Short after the 9:30am EST open. I'm looking to get long in the overnight make my 10pts then get ready for the short in the morning. The reality is that we still are nowhere near the 52 week low in the NQ @ 1668 so until the next set up is complete we should bounce and consolidate around today's reaction lows.

 

LOL, you are awesome at picking tops.

You have made me about $2,700 so far today. Thanks.

 

capitulation is when the FED fails to cut interest rates...............



'a trend is when fundamental factors persist for a extended time interval...'