ES Journal Archive (2009 - 2010)

I'm taking a nibble down here. I think there might be a bounce up to 35-ish.

 

Still long 1
Will buy some at lower levels but I am
looking at that SDD downtrend since markets opened

See 1min ES chart

 

I wouldn't call sitting through multiple retraces as large as my target the easiest profit in history.

Shorting the top of a 5-wave climactic top and covering into the cascading/impulsing selling... now thats easy

 

A lot of SPY put buyers cannot wait...

 

Easy in terms of it was absolutely guaranteed to drop

 

IMO this is all about the SKF - and it won't give it up. When and IF it does we should get a boom rally but it's totally controlling the SPX with its components.

 

Everyone has their own magic formula I suppose

 

Looking to get into another long position from about 818 to 808

bot 1 @ 817.75

Will add about 6 more
==============================



bot another 1 at 813.50

 

hhhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={efce25d0-3822-478c-9709-ecae99ba4fc5}


I guess Obama wants a LOW base to start with.

 

long 811, 09 stop