Short Term E-Mini Update

A quick update – while I was out the spoos breached the 25-hour SMA. This means I’m closing out all remaining lottery tickets – at least for now:

The perennial buyers are obviously attempting to limit the damage. Until we drop back below the 25-hr I will remain out. Not sure about long positions just yet, I would prefer to see some retest of the SMA.

Cheers,

This entry was posted on Friday, November 9th, 2012 at 12:47 pm. Both comments and pings are currently closed.



  • newbfxtrader

    Great calls Mole!

  • http://evilspeculator.com molecool

    I would have liked to get the 25-hour but I was out at the gym – got out a few handles later than I wanted. But heck – I got to keep my luxury body in shape, right? ;-)

  • newbfxtrader

    Do whatever that keeps you sharp.

  • BobbyLow

    Funny how just a short while ago /CL was at about a 50% Retracement of the Wednesday 11/7 Low of 84.05.

    This type of price action is one of the reasons why I never trust any Daily move of over $3.00 in Oil (at this current price level).  Wednesday’s move was down over $4.00 which could be construed as an enema given to price in order to screw over recent longs.   AKA “Profit Taking”   :)

    In any event, what /CL’s price is at 2:30 PM Today might give us a clue as to how serious or not that $4 hit was.  

  • Joe_Jones

    looks like the volume hole at ES 1388 will be tough to breach

  • Joe_Jones

    hehehe…

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤ø„¸  N E W  „ø¤º°¨ 
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

    IF anyone cares…

  • captainboom

    I don’t see the link Boss.  (I care…)

  • bdoone

    I had it but cant get it back after reloading.

  • http://twitter.com/BunDanceKid Bun Dance Kid

    Link in email was as sick as spoos right now





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