ES Journal Archive (2011)

your correct -thanks for the response

 

IMO: "Trend" does not exist in the present tense except in the eye of the beholder and only when using another, older price (or trade entry???) as reference.

this is very similar to what Ed Seykota says its all relative to time, price, and your entry, have to run will look for the exact quote when I get a minute.

 

Some resistance around 85-86 looking to exit there sometime today.

 

theres small res on the spx at 85.68 ish, volume spike on the 5 min es at 81.75, 49k

 

spx

 

short 83.25 on touch of redline edit 2 point stop

 

reduced

 

reduce 78.5...77.75 bid time 1:37

 

1278.

The NYSE TICK has been trending lower lately with persistent low readings.

The sector screen does not look impressive. Although many are in the green, the sectors are not showing much strength.

If we visit 1278 again and close below, I will look to short.

 

77.5 and 73.75 nip on 30 minute mp