ES Journal Archive (2006 - 2008)

[Pekelo]

Quote from Prevail:

spectre, for your short,

I don't get it,Spectre, how can you be short if you expect 1480? (on the way there, by the way)

 

[Prevail]

Quote from Spectre2007:

looking at historical market bottoms, its very rare to have a 'v' bottom where the market doesn't look back.

this price action from the bigboys, is signaling a look back phase, where we try to probe the bottom to 1390 on cash or futures.

But notice it will be on diminished fear/volume levels, so the bottom will snap back pretty hard back up to 1480.

So its a engineered look back. The hourly needs to break the previous bar high. Otherwise market rolls onto itself.

edit: it will be perfect climate for a preemptive fed cut.

v bottoms are rare as you stated. In my observation, they occur when the selling was highly pronounced, such as around '03. We have not seen a v bottom for years, but there have been at least 3 retest bottoms in the last 2 years; it is almost predictable. my "the market likes to keep you guessing" theory makes me think this time it could be different this time .

none the less, the countertrend model is short until the cash drops below 1448.

 

[Spooz Top]

Quote from Spooz Top:



market gyrating just like i thought it would in that 30 min wedge....stair stepping it up on light volume to 80/90 where i`ll be a seller on a position basis.

still walkin` the wedge....higher lo`s in effect for the staircase.

 

[Spectre2007]

Quote from Pekelo:

I don't get it,Spectre, how can you be short if you expect 1480? (on the way there, by the way)

my interests are heavily long cash/shares, its just a hedge to protect gains.

 

[elovemer]

vix is tanking.....

....do we really have to close those gaps before heading up ?
i.e.... 1450, 1420
-------------------
quote.....
none the less, the countertrend model is short until the cash drops below 1448.

 

[Spectre2007]

My networks seems to be hacked, there is a lot of competitive effort to make money in this field.

I have multiple platforms and infrastructure, atleast 4 laptops with seperate broadband cards. And more then 4 desktops also.

I'm going to lay low for awhile, gona get the tech guy in, if I find whos doing it you will be served court papers.

Chris

 

[mbusch]

Off having breakfast and catching up on email...

I went long from 1469.50 at 12:02 ET.

Target is 1480. However, this target will be invalidated if ES paints below 1473 before it gets there. (If that happens, I'll probably exit the trade and wait for another setup.)

 

[wave]

Quote from Spectre2007:

My networks seems to be hacked, there is a lot of competitive effort to make money in this field.

I have multiple platforms and infrastructure, atleast 4 laptops with seperate broadband cards. And more then 4 desktops also.

I'm going to lay low for awhile, gona get the tech guy in, if I find whos doing it you will be served court papers.

Chris

Chris-

Run a netstat command on all your boxes and see if anything there shoudn't be there. Best to restrict incoming and outgoing access on your boxes to only those urls and ips required for trading.

 

[JSSPMK]

Quote from Spectre2007:

My networks seems to be hacked, there is a lot of competitive effort to make money in this field.

I have multiple platforms and infrastructure, atleast 4 laptops with seperate broadband cards. And more then 4 desktops also.

I'm going to lay low for awhile, gona get the tech guy in, if I find whos doing it you will be served court papers.

Chris

I only know how to switch the bloody thing on and switch it off, so it ain't me

 

[mbusch]

Quote from Spectre2007:

My networks seems to be hacked.

What do you mean by that, and how do you know?

If you mean that someone is mirroring you or otherwise using specific knowledge of your orders, I'd say it's much more likely an inside job (someone at the brokerage) than someone hacking your network. The latter ain't easy to do. To clarify, it's easy enough to steal the IP packets, but it's not easy to make any sense of them.