ES Journal - 2012

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Quote from gmst:

Thanks King. Your commentary is very appreciated. :)

But above theory doesn't answer why Wave thinks today was a good day to short market. 800 pound gorilla - fed has spoken - they gave free money to bank desks for 1 more year (from 2013 to 2014). Gold, Copper etc. everything reacted in view of this news.

So, which 800 pound gorilla is going to sell today ? - some big prop desk at a bank, some macro hf ? how does wave know that today will be the day, when S&P will go down? That was what I was asking. I was basically trying to pick up one or two words of 'specific' wisdom, like whats so special about 'today', that wave felt today we will go down. Thats all I was wondering.
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S/he doesn't know. S/he's making an educated guess based on trendlines, maybe cyclical stuff, and it may be a very educated guess. But it is nothing more (or less) than that. No magic there. Really.
 
Quote from gmst:

Thanks King. Your commentary is very appreciated. :)

But above theory doesn't answer why Wave thinks today was a good day to short market. 800 pound gorilla - fed has spoken - they gave free money to bank desks for 1 more year (from 2013 to 2014). Gold, Copper etc. everything reacted in view of this news.

So, which 800 pound gorilla is going to sell today ? - some big prop desk at a bank, some macro hf ? how does wave know that today will be the day, when S&P will go down? That was what I was asking. I was basically trying to pick up one or two words of 'specific' wisdom, like whats so special about 'today', that wave felt today we will go down. Thats all I was wondering.
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No idea what he looks at , here is the best I can do from my end. :)
 

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Quote from JoshDance:

out 19.50
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Ok. That's a bummer...

When I saw your "long-at-19.75" I thought, "Oy, really?"

Then I took a closer look and thought, "Hot Damn! Go JD!" and decided to join you.

And then, just a moment ago, I saw this.

Still in your long, bro. So thanks for the heads-up.

Hang in there...You'll conquer this thing.
 
Quote from tortoise:

Ok. That's a bummer...

When I saw your "long-at-19.75" I thought, "Oy, really?"

Then I took a closer look and thought, "Hot Damn! Go JD!" and decided to join you.

And then, just a moment ago, I saw this.

Still in your long, bro. So thanks for the heads-up.

Hang in there...You'll conquer this thing.
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Thanks T -- actually I had a 19.25 buy limit and hit but no fill, at 11:23, but only posting actual trades. Buyers clearly interested at this point. It's not moving like it should for longs, but at least they're not being trampled as before.
 
Quote from tortoise:

Ok. That's a bummer...

When I saw your "long-at-19.75" I thought, "Oy, really?"

Then I took a closer look and thought, "Hot Damn! Go JD!" and decided to join you.

And then, just a moment ago, I saw this.

Still in your long, bro. So thanks for the heads-up.

Hang in there...You'll conquer this thing.
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hardly a barn-burner, though...finger on the exit button
 
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