ES Journal Archive (2009 - 2010)

My tea leaves said a close of 851.25

 

long 34.25, stop under 31, target 42+

 

Possibly, but I am looking at 830 as the Line in the sand.
And, a reversal, v-reversal, maybe after 1pm.

If 822 can't hold then the bears will go for the kill, taking down to 800 or lower.

 

Want to scale into a long position from 830 to 822:

bot 2 @ 829

 

long spy 83.30 stop .50

 

You have to add expiration madness into the equation so anything goes, I keep trying to show the new guys that buying those false breakouts will kill you, took me years to figure it out.

 

Reshorted 846 covered 828 Took a small long 828

843.75 out will reshort 847 area


short 847

 

KInggyppo: "buying these false breakouts" of the gap up this AM or the reversal break out from yesterday???

 

If this is for real (and let's hope it is), look for another dip before it takes off higher.

 

Previous day 50% + VWAP is 830