ES 03-22-2011


  • 4
  • Lorn
  • 22-Mar-2011 at 9:29 AM
  • Rep: 16k
  • Posts: 1,406
O/N Profile.


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onprofile03222011
  • 0
  • raj1301
  • 22-Mar-2011 at 10:32 AM
  • Rep: 200
  • Posts: 34
took short 1293.50
stop loss 4
target 4
  • 0
  • koolblue
  • 22-Mar-2011 at 10:33 AM
  • Rep: 48.6k
  • Posts: 16k
Originally posted by koolblue

good morning! im with you Bruce!.. just sold 1294.00 ,charts and reasoning in a minute!
...looking for the 1.618(initial move from 1296.50 to 1291.25) at 1288, will likely exit at 1289.25
  • 1
  • BruceM
  • 22-Mar-2011 at 10:35 AM
  • Rep: 216k
  • Posts: 19.9k
Hour range is in....i need to see this get below the OR low to take something off...otherwise I will probably be stopped and the Hour highs will be run out
  • 0
  • BruceM
  • 22-Mar-2011 at 10:37 AM
  • Rep: 216k
  • Posts: 19.9k
took two at 92 print...only holding two...risky time and so far no volume is present to really move it away from 93.75 magnet
  • 0
  • BruceM
  • 22-Mar-2011 at 10:41 AM
  • Rep: 216k
  • Posts: 19.9k
flat at 93...
  • 0
  • BruceM
  • 22-Mar-2011 at 10:42 AM
  • Rep: 216k
  • Posts: 19.9k
just don't like how they are holding that OR low...and also a reason I just go market when my areas hit...could break hour highs now if they can resolve the 93.75 volume..standing aside
  • 0
  • koolblue
  • 22-Mar-2011 at 10:43 AM
  • Rep: 48.6k
  • Posts: 16k
i agree new highs are always possible , but there are some subtle reasons why today could be a 'turnaround' Tues!... First, NAS is lagging the s&p on the rally up , and is now leading on the way down. There are some measures i watch like cumulative ticks that are getting very overbought!...
  • 1
  • koolblue
  • 22-Mar-2011 at 10:44 AM
  • Rep: 48.6k
  • Posts: 16k
Originally posted by koolblue

i agree new highs are always possible , but there are some subtle reasons why today could be a 'turnaround' Tues!... First, NAS is lagging the s&p on the rally up , and is now leading on the way down. There are some measures i watch like cumulative ticks that are getting very overbought!...

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sp500

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mean reversion model5735image004
  • 1
  • koolblue
  • 22-Mar-2011 at 10:45 AM
  • Rep: 48.6k
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The 1299 area seems very important to me as it is a bear trendline.. also the study i showed 2 days ago calling for higher prices for a day or two, then a decline!
  • 0
  • koolblue
  • 22-Mar-2011 at 10:46 AM
  • Rep: 48.6k
  • Posts: 16k
taking one off here...1291.50..holding the runner with b.e. stop
  • 1
  • koolblue
  • 23-Mar-2011 at 4:03 AM
  • Rep: 48.6k
  • Posts: 16k
Originally posted by koolblue

once again caution is the watchword! as the charts are mildly negative,but we just had nice pos. divergencies at the last low!...
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1512

bingo!(within one tick... this is the important dividing line imho!... if 1283 doesnt hold then down we go, otherwise bulls still have hope here!
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