ES Journal - 2012

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Quote from DanS:

What do you glean from that ammo?
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looks like the buy1 and sell 2 scam, hold it up and short at good prices, those numbers whether buy on weakness or sell on strength,and they are all block trades,smarter money than me,are always fading a bigger move, spy was on that list friday as well..87 bid for a reduce
 
Quote from ammo:

looks like the buy1 and sell 2 scam, hold it up and short at good prices, those numbers whether buy on weakness or sell on strength,and they are all block trades,smarter money than me,are always fading a bigger move, spy was on that list friday as well..87 bid for a reduce
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as an add on ,the only thing i've been able to get from that wsj page is that the block trades are almost always,maybe fully but i havent kept stats,on the other side of the big moves,confirmimg" the market is rigged" supposition
 
08-06-12 07:44 AM
08-03-12 07:41 AM
08-01-12 08:37 AM
07-31-12 08:24 AM
07-30-12 08:31 AM
07-27-12 09:11 AM
07-26-12 07:57 AM
07-25-12 08:14 AM

--Have buy stop in to enter at 1358.00 with 2. If hit, I will enter and post protective sell stop.
-- If tagged today, then initial stop will be 1317.50
--Trade was stopped in long. Initial protective sell stop is 1317.50 and I will reverse and be short when stopped.
--Protective/reverse sell stop raised to 1325.50
--No change today (Tues 7/31/2012)
--No change today (Wed 7/31/2012)
--No change today (Fri 8/03/2012)
--Stop remains the same today (Mon 8/06/2012)
--Stop moved to 1348.75. Will reverse there as well. (Tues 08/07/2012)
 
So far this is fairly typical of the August-October rally seen when an incumbent President is running for re-election. See, for example, july-oct in 1996 and 2004. We've only had 2 days so far, probably today is a third. A 50% retrace could come at any time, but I wouldn't be surprised to see the market consolidating sideways at these levels for up to two weeks. Shorts will have to be very patient, but we should eventually see a near 50% retrace, i.e., nice buying opportunity, before resuming the push on into late fall. Nothing lasts forever, except maybe energy.

I'm expecting Euro strength and dollar weakness to remain in sync with the market.
 
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