ES Journal Archive (2011)

OUT 6850

NiN

 

A trade worthy of a barbequed barramundi and a glass of West Australian Chardonnay.

 

Bidding 60.25 for another, asking 73

 

Intraday H&S since the gap down. Unless we somehow grind up above 73 I'm expecting 40s either today or Monday.

 

Good Morning Traders!


plan on going long 1262.75

 

We can go to 78 today, yet still see your expectations materialize for next week.

 

Hmm, even if we get a pennant, which would be the most defensive bearish stance at the moment, I'd think the upside is capped at 74 right now, and anything above that would be neutral/bullish.

But then again, I'm just talking my position right now.

 

1 point profit!

 

Long 64.25
Stop 61.75

 

plan on going long 1255.50