ES Journal Archive (2009 - 2010)

If you think markets are random, take a look at the spy, the bulls are dug in and won't let it go negative; must be the knights of Nee.

 

The buying is a waste of bullets as the offers never subsided.

Edit: Is the top in for this swing? I don't know. As I mentioned last night, I am now much more cautious on the short side because of the bounce from 918-920 area.

 

Let's see if they can retrace half this current move to put in a right shoulder around the first reaction low before another rally.

 

Mr. Adu has been playing very nicely today and scored 2 goals. We have reached the topping zone....

Kind of funny, but if we disregard the first 30 minutes, this could be an SDD....Since the midday top is so much below the morning high, one could argue that this is a delayed (30 mins) SDD and not an ADU...

 

yeah... looking to short ES 933.50-934.50

 

What timeframe are you referring to? The right shoulder has already formed on the daily chart.

 

What does SDD mean?

 

Do or Die here again. We fail and run up or we turn down hard.

 

It will die here. Down for the next week or so, to about ES 800/815

 

I will look to hold to 760. If we hold there, it's buying time again.