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  1. J

    ES Journal Archive (2006 - 2008)

    I like that 1013 resistance. We may get there today.
  2. J

    SPM Boot Camp

    Please see atatched chart with a simple MA signal. However, I added the 2m MACD in the last pane. BUY when blue or red crosses above zero? or both cross above zero? What is MA filter about? The first pane is a 5/34 oscillator woth RSI Second is my Momemtum indicator Averages are...
  3. J

    ES Journal Archive (2006 - 2008)

    Support areas at 965/67 and 950/953 I expect these to hold and will go long ES if it does.
  4. J

    How Do We Nail the Bottom?

    Sometime in November/December, when it becomes quite clear to most Americans and to the the world that the economy is in a recession, that things would be bad for a few quarters, unemployment up to 7%, Fed can't cut rates anymore, Treasury and Fed have used up most of their ammo.... there will...
  5. J

    How Do We Nail the Bottom?

    SPX is 150 points - about 17% - off the low. That's a bottom. VIX has dropped more than 20% off the record highs. Credit freeze is thawing... sentiment has shifted from extreme panic and fear to just fear. Governments begging banks to accept hundreds of billions.
  6. J

    Market must go up before coming down.

    WRONG! It MUST go up or down. Can't stay flat forever.
  7. J

    Market must go up before coming down.

    Too simple, simplistic maybe, but the markets have to go up before coming down. VIX will drop to 40 or lower, SPX will rally to 1050 or 1100, DOW 10K to make it better, enticing all the suckers out there, most of whom will enter during the last 50 SPX points. Trap sprung, and back down to...
  8. J

    ES Journal Archive (2006 - 2008)

    VIX crashing = now at 56.69, dfown almost 20% on the day Setting up for last half hour rally. A DOW 500 plus day or merely a DOW 200 plus day?
  9. J

    TOS option quotes correct?

    TOS had wrong index quotes earlier today. VIX is actually done by 9.82 to 60.51 but they had it up to 78!
  10. J

    ES Journal Archive (2006 - 2008)

    Good rally today - so far it looks sustainable. Looking to go long ES if market breaks above 967/970 or holds at support levels at 950/953. First target 984, then 995
  11. J

    NIFTY futures

    I want to trade NIFTY future - any broker in the US ?
  12. J

    TOS option quotes correct?

    Yes, but still it appeared out of sync earlier. Now they seem to be more realistic. I am long C, XLF, JPM and want to sell NOV or DEC calls; looking for a good popup to about SPX 1050
  13. J

    TOS option quotes correct?

    Yes, VIX is down but before they had it up by 4 points. Quotes look more realistic now.
  14. J

    TOS option quotes correct?

    Seems strange ...the stock is up, VIX is up, yet the premiums are down! e.g. JPM, C, XLF Are these correct?
  15. J

    What oscillator(s) do you recommend for scalping in day trading?

    I've found momentum is a useful indicator. I created a custom momentum indicator that is composed of momemtum over x bars, overlaid on an average of this momemtum. Then, there is an upper and lower line which attempts to indicate overbought and oversold momentum. These lines are 30 & 70 % of...
  16. J

    Monday is the first trading day after the anniversary of the 1987 crash, BLACK MONDAY

    That Sequoia stuff is good - for the bullish case. A few more widely-circulated doomsday presentations will lead to extreme pessimism and a bottom. Let's see VIX rocket to 100.
  17. J

    Monday is the first trading day after the anniversary of the 1987 crash, BLACK MONDAY

    I hope so. Am long financials. Friday was a bad day.
  18. J

    Monday is the first trading day after the anniversary of the 1987 crash, BLACK MONDAY

    Traders will be looking for those answers when they get back to work on Monday, which coincidentally is the first trading day after the anniversary of the 1987 stock market crash known as ''Black Monday.'' The Dow Jones industrial average plunged 22.6 percent that day to mark the largest...
  19. J

    How Do We Nail the Bottom?

    Jack Ablin, chief investment officer at Harris Private Bank, said the biggest signs that a bottom has formed will be how investors react to bad news this coming week. He believes investors have engaged in ''slash and burn selling'' with all the news converging at once, and a change in that...
  20. J

    How Do We Nail the Bottom?

    Firstly, forget about nailing the bottom, or top. It is impossible and not worth the time, effort, and frustration. Next, you should not depend on nailing the bottom or top in order to generate profits. Extract a part of the total trend up or done and you would be profitable. So, how...
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