ES Journal Archive (2009 - 2010)

shorting 22.50, add at 24.50, stops over 25.50, target 17.50-

 

up or down does not matter, give me volatility.
Now that they tell us all these traders are back, let
us have a few 500-point DOW days. Can't make money
with 100-point DOW moves.

914/916 or 895/898 support - if it breaks 895 then all the way down to 950 ...

935/937 and 956/960 resistance... if it breaks out above 960 then 1025 in a few days.

 

L 922
T 926+ or TOD (time of day)
S 919.5 or TOD

 

Extreme buying again in $TICK index.

 

BTW, the new high made on friday was a 20 days tight range HH breakout.

It can trigger tons of trend following funds to at least tighten their stops on short position, not even talking about going long.

 

buy 924.50 5 point stop

 

Out 926

 

Too many call option buyers out there.

 

http://www.bloomberg.com/apps/news?pid=20601213&sid=a5mSOfz7Alhk&refer=home

predictions:
Standard & Poor’s 500 Index will rise 17 percent in 2009 based on the consensus of 11 strategists surveyed by Bloomberg News.

that is the S&P 500 would end 2009 at 1,056 based on above ...








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Looks like it occured to nobody that the former 918-20 SPX strong resistence area would be strong support...