ES Journal - 2012

[ammo]

has nothing to do with timing or truth but the banks have been buying this since mar 09,they take there profits and rebuy on the pullbacks,they have a 70 day profit here,banks historically before 09 were thrifty,they can put that money in there vault and restock there positions..possibility this was a blow off top to reverse short

 

[mastacoli71]

Ammo, hate to be selfish but hopefully for me it is the AAPL dividend news that reverses the market. In any case, I admire your contrarian style of trading.

 

[ammo]

hope your puts work out, that red regression line off that low is 567

 

[mastacoli71]

Quote from ammo:

hope your puts work out, that red regression line off that low is 567

Thanks for chart. I will probably have to take a lilttle pain with the Euphoria from news tomorrow but October is a long ways away. We'll see.

Nice job on your ES trade overnight.

 

[ammo]

pretty massive volume, even if it was exp multiply the volume by the stock price and they are moving record breaking dollar amounts in that stock,if the banks are trading there way to solvency ,90-95 pts on a 50 million lot is a nice chunk of change

 

[mastacoli71]

absolutely crazy what it has done since earnings. I just wish I bought into the hype but it does not fit my style of trading.

 

[ammo]

same here, wouldnt touch gold with a 10 ft pole

 

[mastacoli71]

ok, time for me to get some zzzzzz. for some reason my mind wakes up at 3am mon - fri and tells me to go back to bed now.

 

[ammo]

fridays lower nip was 95, we are breaking or taking out stops and going to bounce..if we break ,next is thursdays 91

 

[ammo]

Quote from ammo:

add 02.25, nice call vol

1400 avg reduce 94,going to bed