tag:blogger.com,1999:blog-443652854082903301.post-50943079134324961452008-07-09T14:26:00.000-07:002008-07-09T14:53:20.512-07:00<span style="font-family:lucida grande;">Panic quickly back.<br /><br />Trading<br />Morning was tough for both sides. Look for up but triggered until 10:17. If in there, locking in points before oil news or scratch. Mixed cycles in play mid-morning reflected in price; any trades likely stopped out. Green light for short 11:37 with 4T- coming up, enough to make back previous stop out. If long 12:19 stopped again, but reversing short with 1271.50 breaking made it back. Using trading notes of 50Rs nailed 1:10L. Short again 1:50 good for 10+ points. Trading off 7T price level after 3:34 gave green light for additional short or hold.<br /><br />Call - "If markets stop cold at 1277 (38R) easily back down to test lows."<br />Result - HOD 1278.<br /><br />Call - "In any scenario, up into 1:29. Down pressure after 2:05. Drops into 2:24 and 2:47."<br />Result - Very key high 1:35, then down.<br /><br /></span><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp1.blogger.com/_9uQzRbLvKk8/SHUtIyJvgjI/AAAAAAAAA0Y/-jD04UITEpM/s1600-h/7-9+ES+1+min+lines.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="http://bp1.blogger.com/_9uQzRbLvKk8/SHUtIyJvgjI/AAAAAAAAA0Y/-jD04UITEpM/s400/7-9+ES+1+min+lines.jpg" alt="" id="BLOGGER_PHOTO_ID_5221128971930796594" border="0" /></a><br /><span style="font-family:lucida grande;"><br /><br /></span>Jonathan Pearlhttp://www.blogger.com/profile/03635919649435544280noreply@blogger.com