ES Journal Archive (2006 - 2008)

I just saw everyone so bearish and Wave calling for 900 I knew they were going to put a fire cracker up the A$$

Learn to read a chart, it ain't anything special. Then you can think for yourself.

 

cover all 100.24

 

The Dom reacted very positively to that level.
Further not: 66 was Globex 50% pivot.

Good Call (Dead on).

 

Might have to pull out the lipgloss BB on this short if we trade 2 point above 26.

 

The price movement this morning is exactly what I mean by "picking each other's pocket".

The remaining smarter small traders and funds ... all do the same thing, so the waves of price movement get very directional and extremely fast.

 

Wow. Just got 1.25 points slippage on a stop order. That's five times worse than I have ever gotten.

ES is trading as loose as my stools.

 

More volatility, more fiber in your diet.

 

997.5
nice add long
v small stop needed

 

we will break the lows.

and rally hard after.

today will be "the" bottom.

JMO.

 

There are some unprescedented foreces in play right now. I would not be surprised if PPT was operating today. I've made good profit on the short side today but the volatility is over the top. 20 pt price swings in NQ. market wants to head lower but is being propped up with news, rate cuts and who knows what else?