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ES short term trading 5-6-10


Most of these are being generated from the weekly chart..

57.50 - O/N low , yesterdays afternoon rally point

62-64 - LTP in ON, VA low,PP and POCP

70 - all that volume and VA high

75 - 77 air pocket and R1 ...Magnet ******

85 - 87.50 air pocket and r2

94 - 98 combination of LTP's and HTP



****Gap at 66.25 in O/N data so those reading get short up here at 68.50...most still sleeping so you'll miss this one
let me add to this....you can go broke trading for air pockets...we know they fill in a great deal but we can never be sure of "when"....

those minus 1500 ticks where a good clue to at least lighten up on fades....

all this stuff looks easier when the trades are over...
Originally posted by BruceM

great odds after a minus 5- 6% daily drop that we recover at least 1/2 of that in the next week...who is our stats person here


as far as I can tell all one minute air pockets got filled back in...lots of lessons here today on many levels
WHY DO THEY KEEP MAKING 1118 WEEK??? SHORTING 1125
I think they will come for 1118 till it holds
I hhave a short sitting at 1134
Here they come for my short in a bad mood
close above 1148, and I think there is a chance at a recovery
Going long at 1125
is this what they mean by "sell in May, go away...
you posted your winner. what happened to this
WHY DO THEY KEEP MAKING 1118 WEEK??? SHORTING 1125
OOPS GOT ME
The real cause(?) for the market crash on May 06, 2010...

Read at Reuters..."Exclusive: Waddell is mystery trader in market plunge"
http://www.reuters.com/article/idUSTRE64D42W20100514