ES-09-08-08


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  • koolblue
  • 8-Sep-2008 at 3:50 AM
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Stopped out breakeven on a short from 1274.50, so i tried again at 1278.00. covered at 1277.00.Had to cover because my charts went down! Unfortunately, this trade was only 2 es so im still starting the week down 13!...sheesh
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  • koolblue
  • 8-Sep-2008 at 9:59 AM
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order to buy (one only) @1263.25 4 point stop
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  • CharterJoe
  • 8-Sep-2008 at 10:01 AM
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I am avg short @ 77. Is this starting to be a pattern, gap way higher on Monday and sell off?
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  • BruceM
  • 8-Sep-2008 at 10:01 AM
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rules for me are the same.....will price be traded back into value or will value be brought up to price?

OK I lied...with this kind of gap we can have lower trading but still register higher value on the day.....sorry I can't be more clear pop.....

I personally don't like trading in the gap direction and we have spent very little time above the open so we may just tank today from up here...

quote:
Originally posted by popstocks

Morning folks, I've never been around for a gap up like this, is there anything special you guys are looking for in today's action? I kind of feel like with the bailout news that the rules are out the window for the day.
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  • BruceM
  • 8-Sep-2008 at 10:03 AM
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one last thing POP...we have been unable to sustain price above the one minute high volume bars...so that isn't capitulation on the downside...71 - 73 holds the key for any upside to overcome...lots of numbers in the 50's today
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  • CharterJoe
  • 8-Sep-2008 at 10:03 AM
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Covering @ 64.5, was targeting 55.5 but I don't want to give none back to this crazy market. +12.5
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  • koolblue
  • 8-Sep-2008 at 10:07 AM
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covering
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  • koolblue
  • 8-Sep-2008 at 10:10 AM
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out at 1268.25..5 .0 gain... up 6.25 on the day.INCREDIBLE...(PS Great trade Bruce)
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  • koolblue
  • 8-Sep-2008 at 10:17 AM
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5 min. and 15 min. projections satisfied at 1263.Hourly projects lower,however to around 1256
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  • koolblue
  • 8-Sep-2008 at 10:25 AM
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Note to bulls... Nasdaq is lagging badly today
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  • koolblue
  • 8-Sep-2008 at 10:44 AM
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probably once too often but im selling 1272.75
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  • CharterJoe
  • 8-Sep-2008 at 4:01 PM
  • Rep: 4,475
  • Posts: 2,352
Lost some on that one, I figured on a late day rally. I should have reversed
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