ES Journal - 2012

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Quote from Laissez Faire:

The entry was excellent (kudos), but the reason I asked was the target of 45. I just did not see it.

I generally find it very risky to go long when we`re in the process of filling a gap below, as they usually get filled during that session when that gap fill has started.

Still not sliding here, but I think we will sooner or later. :)
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I agree with you on the gap fill. Q's filled, but I think that's it. fwiw 1350 is the hourly 200ema (currently) and also the gap left from Friday's close. Today's low hit 70 pts from the last ema touch. I could actually see it going maybe 90 max unless there's a full-on crash (flash crash was ema -140), but # of days is also a factor.
 
Quote from tomahawk:

I agree with you on the gap fill. Q's filled, but I think that's it. fwiw 1350 is the hourly 200ema (currently) and also the gap left from Friday's close. Today's low hit 70 pts from the last ema touch. I could actually see it going maybe 90 max unless there's a full-on crash (flash crash was ema -140), but # of days is also a factor.
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Interesting about the EMA statistics. Sounds smart.

I was initially looking at 1350 myself at the open, but not so sure about that now. :)
 
Quote from Laissez Faire:

Interesting about the EMA statistics. Sounds smart.

I was initially looking at 1350 myself at the open, but not so sure about that now. :)
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Agree, not so sure about 1350 before 1311 or even 1301.
 
Quote from ammo:

spy options are saying 135 or above,that takes us to around 1344 es, back to the 47 cash nip top...if you believe all the greece news,,jpm news,is part of a sheep herding script,the spy opts are telling you that it should all be clearer marginally to the upside by friday...amazing how much movement ,and how many times it's worked using the iliad and the odyssey as fodder
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That was what I thought this morning, but I'm not so sure about this now. Does such a huge put/call skew always end up that way? Maybe the 135/136 puts will somehow expire ITM this time...

Fed minutes at 2pm est, that could change things.
 
Quote from trickshot:

That was what I thought this morning, but I'm not so sure about this now. Does such a huge put/call skew always end up that way? Maybe the 135/136 puts will somehow expire ITM this time...

Fed minutes at 2pm est, that could change things.
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greece is pretty much done, or they are done and no one wants to admit it til sunday nite,these exp work 9.10.11 out of 12 months,i don't know,if greece and spain leaving is bad for the market 6 months out, why are we still above 1300,they have been battling this for 3 1/2 years and there has to be a plan B,C,and D, I m always looking for the down moves and they are always interrupted by exp and not always but more often than not, end of month
 
Quote from DanS:

Yeah, with this sideways chop, I am not sure now. It is really struggling.
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Yes. Seems like typical afternoon chop with a wider range stop run due to higher volatility. Meeting minutes at 2 should shed shake things up some.
 
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