ES Journal Archive (2011)

You are welcome.

Not touching this because they can yet again feed out another news shock any time.

 

cover 11, flat

 

plan on going long 1198.25

 

uhh, really/ what chart you looking at?

 

price action turning bearish again. Out of this trade at 1210.5. Net negative 0.75 for the day.

 

looking at the 122 straddle at 52 cents , worth38 cents,you could assume we are not going anywhere this afternoon,stay in the 121.5 to 122.5 spy zone

 

Short 11.75, stop to b/e.

 

Last trade for the day:

Short 1210.5

 

Buy 11

 

If there is any worthwhile 'action'. I believe it will be on the low side. Maybe anywhere around 120300.

I don't have a trade to support my opinion;yet, and if at all.

I think there may be a few wary of the Greek maturity issue coming up on Monday. Could be a lot of weeping by the European banks when they find there ain't no loot but plenty of olives and ouzo.:eek: