ES Journal Archive (2009 - 2010)

Vol is the guru for the day......nice call......caught that IHS as well.

 

Also any trip down after Summer probably a buy historically... due to this Presidential Cycle thing as well as the usual seasonality.

http://www.financialsense.com/contributors/brian-pretti/you-are-here

 

es

 

Short on a dt at 06.50, stop 11.50.

 

Those lines look a bit like the outline of a vehicle. Is this the Audi R8 setup??

 

bulls out in full force again and I dont have any positions on
Waiting for a pullback to buy

 

sh 12.25

 

Wow, I was late to the bull train station again...when's the next train coming?

 

Not too shabby.

 

I guess I'll throw up a few thoughts for comment.

Last wk bears tried to take cntrl 3X's but got shaken each time.
Gap up this morn will be a signif. sign and potential squeeze on bears who held on.
For the bearish case: it's been difficult to hold a short position which is usually a sign that it's the right position to be in.

Last wk bulls let bears have the high ground but may have been building strong positions just below.
Tactically, if they have strength in the backgound they should let bears think they have control, then take if back and force a squeeze for the higher ground and easy money.
Bulls hoping to get on board early now may be late and be skaken out as the bears are given an opportunity to think they have control, but it's only an opportunity to save face - down to about 1095-91.

There is alot of news this morning and this week so it could go either way. Other thoughts and comments?