ES Journal Archive (2009 - 2010)

Okay. What was your original target when you took the trade? Do you believe that 52-53 will be the low of the day, or is this a fake temporary support to induce the public to go long?

 

original trgt 49 ,tl supp at 51.75,see what happens this afternoon, just locking in some profit while bernankes roaming the forest both charts, one with a tl (51),the other mrkt profile (49)posted this morn

 

1/4 out 52,
stops at 54, 55,


targets @ 50, 47 and open

 

alittlemore out 51.25

 

get short, NQ about to fall off...

 

target 1 hit

stops at 53.75

 

48 is r10, but this has room to fall to 44, imo

Edit: I guess this is what happens when the flying monkeys take the day off

 

flat 48.75 .. a lot of reversals last 3 weeks

 

if it doesnt hold this ledge(more employment nmbrs tmoorow)the nip below could be next target

 

chart