ES Journal Archive (2006 - 2008)

Man, are you we going to get even one decent retracement? I've been starting at the screen for over two hours waiting to go short.

 

We broke multiple days of support levels ... only the bigger picture support level will lead to a strong bounce.

i.e. 820 is approx 50% retrace of the run up, etc.

Edit: 840 is sort of IHS on daily

 

out 85.30 had an add but couldn't post it.

 

I have a harder time than usual on days like this. When the market gaps down and tanks right off the open, I end up sitting on my hands, grinding my teeth and rocking back and forth, muttering to myself not to chase while the market keeps dropping.

 

hhhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={de242ad6-6a2f-4ca3-a83b-e09127c2d68b}

 

Almost forgot to post! Covered 846.5...Looking forward to re-enter short once the bottom channel is hit.

 

Very good trade Saliva.

Good luck

 

Staying short here

 

840 is the SMA line on the daily. As long as we stay above it, we are still in an uptrend....

 

Data may be skewed because of small-range shortened trading day on Friday:

S3 at 845 and S4 at 823

I think may go as lows as 823 today. S2 at 867 may the upper limit for intraday rallies.