ES Journal Archive (2009 - 2010)

need a rocket to 1194

 

For those following Ireland's "troubles", PM Cowen refuses to call for anticipated elections (as the opposition demanded) unless and until the 2011 budget is passed.

(The contrary would/should have made the euro crater).

 

You also have a nice bottoming formation at that test (morningstar if you'd like).

I like the odds of a bounce here at 1190 and getting that "rocket" to 1194.

 

it would be nice to see the 97.50 area also
-my top side target for this cycle is 1245-

 

1/2 off 93.50

 

If we hold 1194, next target would be 1197. Beyond that looks much more challenging.

 

Stopped out. Read the market very poorly today. Should have been more disciplined and waited for the market to test the 1190 level, but I was afraid to miss a down move and entered too early.

Wait for confirmation. Wait for confirmation. Wait for confirmation

 

I would be more willing to sell highs rather than lows in this market.

 

Short 1194.00. Target 1142.00.

 

1/4 off the original position off at 1194.25 will let the remainder run