They shot it right through ES 1082 last night, so next obvious area is ES 1096 which also is the trendline resistance at SPX 1100.
Got stopped at break even last night, will wait to reload after a bit more squirting.
Could get more squeeze today
Started by
dcengr
, Jul 13 2010 08:39 AM
7 replies to this topic
#1
dcengr
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Posted 13 July 2010 - 08:39 AM
Qui custodiet ipsos custodes?
#2
arbman
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Posted 13 July 2010 - 08:59 AM
If this rally stays over 1085, even below 1100, I think there is little reason left to be extremely bearish for a few weeks as the 1100 level should be eventually penetrated...
For today, this is where you would look for a bullish capitulation and see whether the market has any fire power for further upside left for a big turn. I think it is shaping up to be a trend day so far though...
#3
dcengr
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Posted 13 July 2010 - 09:05 AM
trying short again, 1089.5
Qui custodiet ipsos custodes?
#4
arbman
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Posted 13 July 2010 - 09:23 AM
trying short again, 1089.5
ISE equity is below 100!!! You've got a lot of company...
I am waiting for a 5 min o/s.
#5
dcengr
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Posted 13 July 2010 - 11:29 AM
ya, off at 91.. going to wait for a turn before being trying again.
Qui custodiet ipsos custodes?
#6
arbman
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Posted 13 July 2010 - 11:40 AM
ya, off at 91.. going to wait for a turn before being trying again.
I had to buy around ES 1088, we may get a better entry by 2:00pm, let's see. I expect a closing rally...
#7
dcengr
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Posted 13 July 2010 - 02:55 PM
1096 hit...
Qui custodiet ipsos custodes?
#8
arbman
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