ES Journal - 2012

[JoshDance]

SIM long 60 (edit: 1 unit only)

 

[Lawrence Chan]

Quote from ammo:

20/50/100/150/200 day .% of .stocks above moving avg .respectively, 71%,84,85,79,70,..no one left to buy

shorts are left to be squeezed.

their opponent are bots buying all dips until their firms bankrupt.

for now, that strategy has an advantage.

 

[JoshDance]

Quote from JoshDance:

SIM long 60 (edit: 1 unit only)

bleh, out 59.50 -2 ticks

 

[JoshDance]

SIM long 59.00 2 units

 

[JoshDance]

Quote from JoshDance:

SIM long 59.00 2 units

closed for +1 tick on each unit

 

[Kensho]

Why is June contract trading five points below the March?

 

[JoshDance]

Quote from Kensho:

Why is June contract trading five points below the March?

You mean (1) why is it different at all, (2) why is it trading below as opposed to above, or (3) why is it trading five points below, as opposed to say two points below?

 

[ammo]

Quote from JoshDance:

There's always enough top and bottom pickers to provide liquidity for trend continuation ammo! I think you noted this a few days ago, and yet we're at new highs today.

the 200 day was at 68 or 69 then,its just an overall toppish indicator and the permabulls need to take notice, when they are all at or near 30 the permabears need to take notice

 

[tortoise]

Quote from Lawrence Chan:

shorts are left to be squeezed.

their opponent are bots buying all dips until their firms bankrupt.

for now, that strategy has an advantage.

I understand how tedious and, possibly, demoralizing this kind of a market can be. But the move thus far, while extreme, is not without precedent. Bottom line: Odds favor imminent mean regression unless the 1370s are cleared. If that happens, fair enough, it's a new world. Until then, our job is to keep a clear head and read the price action.

 

[ammo]

spx all time