ES Journal - 2012

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Quote from keeptradin':

I would expect a pullback to the 99 area to fill the gap, then a continuation of the downtrend from the overnight high of 02.50.
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No gap fill today, at least not for awhile. Chitown PMI numbers were BAAADDD!!

Looking at the one minute chart, ES sold off at 9:42, exactly three minutes before the official release of the report. Good to know insider trading is still alive and well...LOL!! :D

Offering 94.50 to get short for a scalp trade.
 
Quote from keeptradin':

I wouldn't be surprised, Chicago is not known for it's ethics. Whatever happened to Blowguyavich, is he doing any time??

(EDIT) I found this about the Chitown PMI release time:

"Survey of purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Data is given to MNI subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction."

So it's not really cheating if you are PAYING for the unfair advantage...LOL!! :D
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I think some "insiders" knew what the numbers were going to be way before these subsribers got their info. Thats always been the case.
 
Quote from trickshot:

I think some "insiders" knew what the numbers were going to be way before these subsribers got their info. Thats always been the case.
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Oh yeah, it's a greasy town, and I'm sure these guys all drink at the same bars. Not tough to get an idea of what the survey results will be by buying a round for the table of PM's. They probably wear yellow vests or something, just so everyone knows who they are. :p

This is from the press release:

"Any publication or rebroadcast of the contents of the MNI Chicago Report prior to public release of the MNI Chicago Report at 9:45 am US Eastern Time April 30, 2012 is strictly forbidden and will be treated as an intentional copyright infringement."

https://mninews.deutsche-boerse.com...cagoReport_archives/ChicagoReport_2012-04.pdf

What a load of crap...
 
Quote from sttrader:

Let's see which way they take it from here....remember the mantra, "manip up, manip down...rinse and repeat" and you should do okay with your trades.
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Guess they're still at the table trying to decide which way to take it or how far lower to take it before they start their ramp up again.
 
Quote from keeptradin':

No gap fill today, at least not for awhile. Chitown PMI numbers were BAAADDD!!

Looking at the one minute chart, ES sold off at 9:42, exactly three minutes before the official release of the report. Good to know insider trading is still alive and well...LOL!! :D

Offering 94.50 to get short for a scalp trade.
More...

I guess there are services out there that actually release report 3 mins early. Free market capitalism, gotta love the country we live in.
 
Quote from sttrader:

Guess they're still at the table trying to decide which way to take it or how far lower to take it before they start their ramp up again.
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88-90 today which might be a good place for a bounce unless it turns out to be a trend day.
 
Quote from mastacoli71:

I guess there are services out there that actually release report 3 mins early. Free market capitalism, gotta love the country we live in.
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I posted this earlier, but it was an edit to a previous post:

"Survey of purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Data is given to MNI subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction."

Pay to play baby, pay to play.

:p
 
Quote from sttrader:

88-90 today which might be a good place for a bounce unless it turns out to be a trend day.
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I'm looking for pullback to ~ 97 to get short.

Not seeing anything to drive buyers based on price action and bad news. Where's Big Ben when the bulls need him?? :D
 
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