LONG ES
Started by
Insider
, Jan 09 2008 08:00 AM
12 replies to this topic
#1
Insider
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Posted 09 January 2008 - 08:00 AM
Here at 1399
Looking for 40/50 points rally
Insider
#2
TMN
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Posted 09 January 2008 - 08:04 AM
dunno man.. looking to go long myself but at lvls that are ard 30 pts lower...
#3
eminimee
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I don't care who's fur is flying...
Posted 09 January 2008 - 08:16 AM
I like it...but possible heat to test yesterdays low.
#4
IndexTrader
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Posted 09 January 2008 - 08:40 AM
My guess is 50 points down before 50 points up.
IT
#5
saltlake
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Posted 09 January 2008 - 09:09 AM
Ive added a new trading rule.
11. Dont bet against Insider 
#6
IndexTrader
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Posted 09 January 2008 - 09:21 AM
My guess is 50 points down before 50 points up.
IT
Just to clarify, I posted about a week ago that the target was 100 points on the downside....1350 ES....as a working target. We're half way there. I don't see anything to change it. We are oversold. And Insider has an excellent record. Of course, I've seen him ride some of his positions the wrong way before they turned.
IT
#7
swinger
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Posted 09 January 2008 - 09:28 AM
LT pivot support was taken out at the close yesterday. Could get ugly real fast if no buyers appear and the big boys start unloading.
I would try the long side if they can take out ST resistance at ES 1414 from here...or if they take it down to run the stops under yesterdays lows and then reverse back above that number.
I would use those two numbers as very tight stops.
If I had to guess how this will play out in the short term--maybe we get a counter-trend rally here back up to 1408-1414 area and then they reverse it fast and hard to take out yesterday's lows--which is where all the ST bull stops will then likely be located. That would be easy money for the futures Nazis.
#8
eminimee
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I don't care who's fur is flying...
#9
beardown
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Posted 09 January 2008 - 09:42 AM
50 pts just stay short why risk it! 
#10
Insider
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Posted 09 January 2008 - 11:51 AM
From yesterday's highs we can count a small sequence of five waves
This leg down could end slightly lower (1390/1388) or holding the lows with a truncated 5 down
Insider
If I am right, the next A-B-C up (or 1-2-3) has a key resistance at 1418.25
The breakout of that level will test 1436 first
A successful breakout of 1436 should fill the gap open at 1450
will see....
Insider
