ES Journal Archive (2009 - 2010)

Staying short here with the 30 contracts. Demonstration of a wide stop in an oversold market continues. Good trading all!

 

Selling of stocks and bonds to pay off various kinds of debt should kick in this week. e.g. tax, mortgage, credit card debt, etc.

None of those are needed in previous years as people were able to borrow loans easily.

Edit: That means, fund managers buying on lower yearly inflow vs an unknown size of selling for this week. The direction of today should be good enough pointer for the coming several days.

 

interesting post.........

TradingMarkets Ten Traders' Resolutions for 2009

http://biz.yahoo.com/tm/090102/18665.html?.v=1

 

It is THE sell zone if new lows or retest of last year's low has to be made.

But do you expect a retest of 932 area first?

 

Yes a double top formation.

 

B1,

I know your short but any thoughts on the weekly macd?

thanks

 

We had a strong trend day last friday.

50% 914 area is likely tested if we do not attempt a new high in the 1st hour.

 

34, 24, 14, 04 ... interesting area to pay attention today

 

AAPL SHORT

this kind of action excites me, the stock went from 85 to 95 in a day, ok.

 

What-if area. Back to 932 or sell-off here.