ES Journal - 2012

tortoise · Jan 10, 2012

Quote from lucky lucille:

Correct me if wrong but we still have a gap to fill from last Tuesday +- 1252? :eek:

yeah but that could take months. cf. last year. and the year before that, i believe

lucky lucille · Jan 10, 2012

Quote from tortoise:

accelerating distribution again. they're toying with us

all happening about 1288.50-.75 too

tortoise · Jan 10, 2012

Quote from lucky lucille:

all happening about 1288.50-.75 too

so long as 1288 holds, there's no meaningful downside

JoshDance · Jan 10, 2012

Quote from tortoise:

1) slight net selling, with size, although that's shifted since i posted

2) ndx/spx

1) As measured by volume delta you mean? If so, I would tend to use it just the opposite as you have--a positive delta may very well indicate distribution; but, that's another can of worms and the reason I don't use delta for that purpose, only on a very small scale to see who's doing what on a particular bar.

2) How do you measure accumulation here, as you have no index volume information? Or, have you used volume information from the larger components of the indexes?

tortoise · Jan 10, 2012

i've learned to be grateful for days like this. they're etudes in patience, a quality i lack

fb_klink2 · Jan 10, 2012

stupid sideways ranging day :mad:

lucky lucille · Jan 10, 2012

Quote from tortoise:

so long as 1288 holds, there's no meaningful downside

ri don't think it does.

JoshDance · Jan 10, 2012

Quote from tortoise:

i've learned to be grateful for days like this. they're etudes in patience, a quality i lack

Ditto tortoise; I was about to say that I am grateful for this too; yet I have been learning patience since mid-december with this crappy volume and CAN YOU GET ON WITH IT ALREADY ES??!!?

Then I realized the irony present in the comment given the context, and so I retract my comment and back to the patience drawing board.

In all seriousness though, you're exactly right. It teaches probably the biggest challenge in trading (at least for me), and that is waiting.

tortoise · Jan 10, 2012

Quote from lucky lucille:

ri don't think it does.

u may be right. we'll see

i just went long m'self

JoshDance · Jan 10, 2012

Quote from bigsnack:

L 90's

Are you still long??