ES Journal - 2012

[gmst]

Quote from JoshDance:

Good post, but one (futures) cannot always lead the other (cash), thus risk free arbitrage would exist; it's more accurate to say that the premium fluctuates during the day, and buy and sell programs act on extremes in premium, both a relatively high or low premium (though in the current market of course, the premium is always negative).

yes yes yes, you are exactly correct. I was just trying to explain high tick readings. Also, the statement futures lead is typically valid and useful only in very fast markets.

 

[JoshDance]

Acceptance

 

[fishing]

Quote from trickshot:

You mean "big money". "Smart money' would have bought stocks at SPX 1100, and not 1370.

who knows next few weeks when we trade at 1470 you'll call them smart money

 

[bigsnack]

Quote from fishing:

who knows next few weeks when we trade at 1470 you'll call them smart money

Good point

 

[trickshot]

Quote from fishing:

who knows next few weeks when we trade at 1470 you'll call them smart money

Perhaps, but they are just big money now.

 

[ammo]

Quote from ammo:

add 68..avg 62

reduced 66.25,just trying to raise avg

 

[Lespaulr0cker]

Quote from trickshot:

Perhaps, but they are just big money now.

They didn't get to be big money by knowing less than I do lol.

 

[trickshot]

Quote from Lespaulr0cker:

They didn't get to be big money by knowing less than I do lol.

you might want to know that most hedge fund managers underperformed the market last year...

 

[JoshDance]

SIM short 1 @ 67.25

 

[tortoise]

Quote from JoshDance:

Acceptance

Beautiful chart (what's your software, btw?), but is it really "acceptance"? A probe on lower volume, perhaps?

Having said that, I would not want to predict that the market is not going higher from here...