ES Journal Archive (2006 - 2008)

Liking the short side this afternoon, as long as 972 holds

971 wa R1 PP 946.5 which gave teh 9:45 morning reversal.

 

Short at 977.25 st 980 tp ?

If it gets there

 

S970.5, s~2, h/s+10

-2.25

S972.25, s~1.5

Scaled out 2/3 +2.75

1/3 b/e

 

VIX crashing = now at 56.69, dfown almost 20% on the day

Setting up for last half hour rally. A DOW 500 plus day or merely a DOW 200 plus day?

 

Thank you for the TOPAAR suggestion, but we are going to call this ADU, because that's what it was. A beautiful, very classic example, perfectly following the timeline.

ES at post: 958
ES now: 973

Edit: 3 mins to close ES: 985+

 

short 978, 4 pt stop, target 62 or pa.

 

we usually get buy programs into close on these days

 

today is nothing more than an inside day i.e. trading within the range of the previous days high/low. we did not take out the high nor the low. nothing spectacular nothing to write home about. The talking heads are pumping this up as a bottom. Its a bottom alright! we are trading below the bottom of the 200day ma!

 

STOPPED

 

Yeah, like on last Wendesday and Friday.... Look, it was a very easy to recognize and to play ADU, end of story..

By the way we are STILL going by my timeline, posted last Monday....