ES 1/8/13


  • 1
  • bkay59
  • 8-Jan-2013 at 9:29 AM
  • Rep: 2,620
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Happy new year!! Fiscal cliff behind, debt ceiling ahead. Sitting and waiting in a range between 1450 and 1460. Which way will we go? Looking for a break out of range to get something flowing.

O/N volume at 1453. No surprise.
  • 0
  • PAUL9
  • 8-Jan-2013 at 10:30 AM
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Babble is much Better than when I mumble to myself.
  • 0
  • bkay59
  • 8-Jan-2013 at 10:30 AM
  • Rep: 2,620
  • Posts: 497
There's that 50.25 hit. Let's see.....
  • 0
  • BruceM
  • 8-Jan-2013 at 10:33 AM
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I have matching lows and this is a low volume push up.....so I am not comfortable expecting the current RTH low to hold...just too many stops below there...been wrong on this before but will wait on any long attempt still
  • 0
  • BruceM
  • 8-Jan-2013 at 10:34 AM
  • Rep: 216k
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i thought is was cool how we had an air pocket at your 50.25 Bkay and now it is trying to be resistance
  • 0
  • PAUL9
  • 8-Jan-2013 at 10:39 AM
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BKay,
that 50.25 you mentioned, are you talking about an LVN in the currently developing RTH?
  • 0
  • bkay59
  • 8-Jan-2013 at 10:39 AM
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Yes, that was my play, I'm now at a stop just above that. My main concern were the singles up to my previous at 51.25.
  • 0
  • bkay59
  • 8-Jan-2013 at 10:41 AM
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Gonna see if I can get 47.25, Might run out of steam here.
  • 0
  • PAUL9
  • 8-Jan-2013 at 10:42 AM
  • Rep: 14.9k
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Thanks.

watching 1445.50, virgin VPOC from the day of the huge gap up. If this thing acts like support, gap is being defended
  • 1
  • BruceM
  • 8-Jan-2013 at 10:44 AM
  • Rep: 216k
  • Posts: 19.9k
I'd like to see some volume dry up now so we can at least trade back to that 49 volume bkay mentioned..so staliking longs below 47.50 to at least try for a 1.5 point target....this would also be a failed breakout of the IB low if we can get some buyers to join us
  • 0
  • bkay59
  • 8-Jan-2013 at 10:44 AM
  • Rep: 2,620
  • Posts: 497
Originally posted by bkay59

Gonna see if I can get 47.25, Might run out of steam here.
The dreaded tick
  • 1
  • bkay59
  • 8-Jan-2013 at 11:21 AM
  • Rep: 2,620
  • Posts: 497
I have also been working on my patience. And this was a test of it. Once 47.25 hit it took quite a while to print 47.00 and get a fill. My goal was to see it through. Trust me when I tell you the urge to bail back up at 48.50 or so was pretty strong.
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