Evils site has some great thoughts

http://evilspeculator.com/


This site was the best I found this weekend that best describes what I've been looking forward to. Even some important dates to look for...just a great post all around...Enjoy!

Took A little off @ 1016 + 10

There's a chance that they could launch us into a final move into 1050-60 which i want some room to add. Notice its seems the bulls give us 10 points , usually in the first hour and after that the light volume kicks in and they float us back higher. Look at the INDU...down nicely this morning and just cant keep it down. Just being discipline and having room to add if they pop again.

Theres 1030's ...now what?

There is the 1030 area I talked about Friday. I'm staying with the 1026 area short and SRS 11.70 entry. Some good signs when you see stocks like Citi (C) rise to frothy levels and reverses. Plus a nice sign too when the transports reverse in afternoon as well.

Also every blog and such I follow is all looking at no resistance til 1050 on the SPX...Last time everyone was on the same side of there guarantees was the Head & Shoulder bearish pattern that was breached and reversed on the bears and lead to this huge rally we have been experiencing.

Lets see , may be a 2 day pullback of sorts.

Short ES @ 1026

Starting a new Short here @ 1026 as we look to be in a wheel house range for a decline. We could go up and stretch the 1030 area, but over all its good risk reward.

Also bought SRS @ 11.70 today as we'll.

Overnight was all we got

The globex overnight session was all we got for decline in the ES. The low print of 996.50 was all they gave us. Some of you i know took the decline to take profits, others were stopped out. Next spot I like is around 1030-32 for a short.

Im staying with my entry as I will give it some room to the 1030 's to add.

Trying again ..Short ES @1002.25

Some new signals coming in here. Lets see if the USD can get a bid and drop the equities.

Update...Little squeeze again into the close up to the 1005 + prints , only to see a plunge as China drops again overnight. Funny the only way to make money short is to already be in. Tough market but were doing just fine.

Covered ES @ 995+7 (Open)

Looking at maybe playing the 10 point swings and such for a while as I stay with my swing short position I've built the last month.

Short ES Again @1002.50

Alarms going off in the wee hours here for a short. LOL...Ya I need a life!

Friday- Monday dip and a reflex

Looks like normal trading as we extended a little farther then the 1010 area ( 1015.75) I was expecting but looks like a nice decline has happened and a little reflex up today as its Option Expiry week and expect volatility on both sides. Lets see the close today and opening run tomorrow morning. Hope all of you were able to battle the mental side of this extreme march higher and are still holding for the eventual decline.

interesting video

http://www.cnbc.com/id/15840232?video=1210153499&play=1

ES bidding its time

The top placed on Friday seems to be holding up. Now we just wait til they decide to take profits aggressively. The light volume is always a little worrisome but lets just watch the charts. Below 995 takes things lower.

ES looks like a topping tail

Right into the 1010 area I talked about early in the week. Have to watch the close to see if it engulfs the whole up move today.

Any Time

The ES has hit the 1000 mark and all is well. I believe we are very close to a nice pullback now that this historic goal is reached. Im inched in here @ 1002...could reach 1010 for the very high % decline into the next few days.