ES Journal Archive (2009 - 2010)

. Perhaps half at 22 and stop to breakeven. Should test the neckline and if we break then 1207 - 1210

 

Decline comes out of nowhere..

 

. There is no room for HOPE in a trader's vocabulary.

 

Equities feeling bond pain

 

If we reach 1210 (not neccesserily today) that is the SMA line on the daily and also the Failure zone to watch for a possible reversal and 3rd top, in case there is a Failure.
Height is about 55 pts....

 

long 20.50 target 3 points

 

spx respecting the tl, reduced its appx 1222.50

 

1/2 off 22.50 position now set for no loss trade

 

another dead day

 

1/4 off @ 1223.25