ES Journal Archive (2009 - 2010)

Out at B/E

 

Reenter short at 905.5

 

Where art thou, my fellow bears?

 

They are coming, may need to bounce it off 900-01 to try to shake you out first.

 

I would caution anyone who wants to go long BEFORE report at 8:30 am tomorrow : very risky if you intend to hold for more than 2 or 3 hours. Better wait for the report look to go long afterwards.

But, short term long scalps for about 5 points are quite possible.

 

...lying low, waiting patiently, to ambush naive and reckless bulls...

Edit: need another 10 points down to precipitate panic covering by longs. But, bears got to keep it below 920

 

Yeah, you just try!

BTW Stop is placed at B/E. I come out unscathed all the same.

 

long 900.50, risky this late, but I think they have another trick to pull, stop under 98, target 04.75+

 

Do you think the bulls will have the same dirty old trick up their sleeves for tomorrow as they did last month when the Dow rallied 500 points even though the labor market shed more than a half-million jobs?

 

Out you go in the next 5 minutes, bro!

*edit*

(15:35)
Out I go if we don't crack within the next 10 minutes.