ES Thursday 2-16-12


  • 6
  • BruceM
  • 16-Feb-2012 at 9:52 AM
  • Rep: 216k
  • Posts: 19.9k
42.50 - 44 is first resistance to go back to 38- 39 area...( lots of stops at 40.25 now )above is 47 - 49.25 for sells to use 44 as a target


this is a bracketed market still and all the volume this week is in this 42.50 - 44 so these sells are harder I think...safer sells are higher up in that upper zone

below the 38 area i will wait till I see trade under 35 to look for longs
  • 1
  • BruceM
  • 16-Feb-2012 at 10:28 AM
  • Rep: 216k
  • Posts: 19.9k
selling up here at 46 but core sells come in at 47.50...yesterdays closing vwap...target is 44 ...we have the hour range completing now
  • 1
  • BruceM
  • 16-Feb-2012 at 10:32 AM
  • Rep: 216k
  • Posts: 19.9k
working 46.25...air pocket below...not much to work with...we are inside yesterdays range
  • 1
  • BruceM
  • 16-Feb-2012 at 10:34 AM
  • Rep: 216k
  • Posts: 19.9k
hopefully some know where the plus 4 - 5.5 zone is at today ..
  • 1
  • johnpr2010
  • 16-Feb-2012 at 10:34 AM
  • Rep: 2,285
  • Posts: 274
43.50 is my target for full position and my stop loss is 47.50 tight one
  • 1
  • koolblue
  • 16-Feb-2012 at 10:56 AM
  • Rep: 48.6k
  • Posts: 16k
covering for a small profit at 1344.50... this topping process? portends still higher prices later i think.
  • 1
  • koolblue
  • 16-Feb-2012 at 11:01 AM
  • Rep: 48.6k
  • Posts: 16k
HIGH 1347.00 to 1345.50 initial move... i will buy 1343.00 if they get there
... and good luck to Bruce and Johnpr! None of us had the price right ,but we all had the same general idea !
  • 0
  • koolblue
  • 16-Feb-2012 at 11:19 AM
  • Rep: 48.6k
  • Posts: 16k
" Apple [AAPL 491.4593 -6.2107 (-1.25%) ] was lower for a second day after closing below the $500/share mark in the previous session. " So says cnbc.com. I find apples stunning reversal day yesterday to be telling of the market since they account for what? 20% of the Nas?
  • 0
  • NickP
  • 16-Feb-2012 at 11:24 AM
  • Rep: 7,237
  • Posts: 771
yes, sthg like that...i read they were 17% or so, so pretty close...it had an outside day yesterday, so pretty ugly chart-wise

Originally posted by koolblue

" Apple [AAPL 491.4593 -6.2107 (-1.25%) ] was lower for a second day after closing below the $500/share mark in the previous session. " So says cnbc.com. I find apples stunning reversal day yesterday to be telling of the market since they account for what? 20% of the Nas?
  • 1
  • BruceM
  • 16-Feb-2012 at 11:52 AM
  • Rep: 216k
  • Posts: 19.9k
s 49.50...trying to get back to 47.50 air test...using hard stop at 50.75
  • 1
  • koolblue
  • 16-Feb-2012 at 11:57 AM
  • Rep: 48.6k
  • Posts: 16k
my chart had its 4.236 termination ratio at 1352.50.. ill sell 1352.25
  • 3
  • ETM
  • 16-Feb-2012 at 6:01 PM
  • Rep: 967
  • Posts: 94
Originally posted by Dubya

Many Thanks to all the traders who kept shorting this market all the way up today and buying back above new highs..could not have done it without you....just kidding..the real credit goes to the Goldmans and Chases aand Wells Fargos of the world that make up 80% of the emini market..their computers all decided to pretty much go in the same direction today...and that I believe is educational...tomorrow is a new day..we will see what they decide to do tomorrow...I will leave the predictions to others...quite frankly, I am not that smart....


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