Monday, December 28, 2009

Cover ES @ 1120..+6

That looks about all were going to get with this volume. Take what you can til volume gets back up to normal.

SHORT ES 1126

Good area for a short! Usual take 10 points if we get it. Might need to watch globex as well as we might not get it intraday.

Wednesday, December 16, 2009

Well we won some and now covering

There was a low print 1085 for all to cover this swing. I personally thought more would happen on breaking 1080 area. I think we now can look for higher prices to short into again. For now we wait.

Thursday, December 3, 2009

1111 still in play

We have been sitting in this short for quite a while. Its been profitable to hold as its a wall of resistance. Today we popped just above to 1117 and down we go again. I like the downside pressure from here as this should be a good pullback into the 1050-60 area. If your not short consider selling rallies from here.