ES Journal Archive (2006 - 2008)

out 823.50


827 short

 

Hey pekelo --

what does the memo say?

SDD?

newbie

 

Peter Schiff, Jim Rogers and Marc Faber are the most popular guys on the business channels.

 

Pek is out looking for his lost camel.

 

of course!

does your unreliable crystal ball forsee a low risk short on a
retracement to 832-834?

newbie

 

12/05/2008 10:34 *DJ Bush To Make Statement On US Economy At 11:30 AM EST



hhhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={2dd3f700-32fa-4abf-9e5c-0d136c80e0ba}

 

on daily, looks like the battle of the bulge for bulls....if they can hold 'em here, nice (santa claus) rally. if not, then look out below....

i still agree with others who have said we will most likely rally second half of this month, but from what level is the question.

 

801 bid, hand shoulder ,30 min from tue broke neckline around 840 for a 40 pt drop

 

I would caution anyone looking for a reversal higher. Wait for a ten or sixty minute reversal on the chart. Good trading.

 

816.25 is gap close

817 I would take profits and short higher