ES Journal Archive (2006 - 2008)

Every attempt to buy the mkt up is met by selling ... panic selling.

Not the usual trading crowd too. Just like the reverse of the 2 days that marked the top.

Interesting.

 

The big players are obviously very worried about our new elect.

 

the mkt is waiting for the dow to hit S2 on the day before the major averages start the next leg down. ES could break into the 890's today.

The last hour of trading could be enormous with panic selling.
If the ES closes below 922 today then we should test the lows by next week. YM = 8890 if we close below it then the Dow should also test lows.

tomorrows jobs report could be the catalyst.

 

looking for 1 more push to 911-914 for small long.

 

stopped out

 

Accumulation.

We may swing to a new high by next week if we hold 10-20 area.

 

anything is possible.

 

long 913 adding to 11 stop 907, target 24.75+

 

S2 hit in the Dow.
mkt could now break into new lows
Dow 8600's & ES 800's by today's close if we go parabolic after 3pm today.

 

exit 915, better trades to be had.