ES Journal - 2012

[keeptradin']

Quote from keeptradin':

Reduced at 48.25, average short 48.50.

Tried to cover at 43.25 but no fill. Bidding 43.50 to cover.

 

[keeptradin']

Quote from trickshot:

Eurozone headlines driving this choppy session.

Looks more like algos to me, crazy swings on the tape.

 

[keeptradin']

Quote from keeptradin':

Reduced at 48.25, average short 48.50.

Covered short @ 43.50, +5. Plenty of downside left to go.

Time to head to the beach, before I give it all back...

 

[Laissez Faire]

36,50 now.

Nice catch, Keeptradin!

 

[mastacoli71]

right on that support line from daily channel, still bidding 1335

 

[masterm1ne]

Sim long @ 1348, SL 1343

 

[mastacoli71]

Quote from keeptradin':

Covered short @ 43.50, +5. Plenty of downside left to go.

Time to head to the beach, before I give it all back...

kt, u da man! nice trade!

 

[keeptradin']

Quote from Laissez Faire:

36,50 now.

Nice catch, Keeptradin!

Thanks, LF. Considered holding as you suggested, but market seems very skittish today. Better to make my money early, and leave the rest of the day to the pros.

 

[ammo]

eur making new lows, the two schools of thought are the drop would be bad for the banks, or the flight to safety (us) would be good for the market,no one knows,so whipsaws, either way, the spx wont stop going down til hits support,first area is that 40-44 area

 

[trickshot]

Quote from keeptradin':

Looks more like algos to me, crazy swings on the tape.

Its the algos that are doing the selling, the dumping came just before the headlines crossed.