ES Journal Archive (2006 - 2008)

[tommymoose]

Quote from optioncoach:

Since I am trading ES my fib analysis, as small as it is lol, is only on the ES not the cash. 50% retrace for me is 1485 give or take 3 points on where you measure high.lows.

Oh okay, well even better then if that coincides within a point of the area I came up with FWIW I usually do my analysis on SPX and add the premium to come up with ES levels.

Here's what I'm looking at-

 

[Anekdoten]

Quote from Spectre2007:

the market is aware of the macro scenario, its building up premium for the last wave, usually momentum to the downside, true momentum doesn't build up from a depreciated point.

so premium is being built up to suck in people/new money hopefuls, to trash it.

It certainly feels that way.

Anek

 

[volente_00]

interesting action tonight,

400 cars moved it up nearly 2, but 400 only moved it down a point.


Someone tried to spoof on the ask at 70 and they got drilled

 

[Spectre2007]

fractal....given the scale and macro views, the next wave could be to 1330

 

[elovemer]

.....OCoach would you mind posting a chart of the wedge you are seeing ?

thanks

Quote from optioncoach:


ES and YM have formed rising wedges off of the mid August lows and are on the verge of a breakout lower

 

[El OchoCinco]

Quick and sloppy chart of ES, YM is similar...

 

[BigBubba]

Quote from Spooz Top:

North.......into the fomc ....looking to be a dip buyer up until then & a seller on extreme moves north & into the sell zones above.

good trading to all here .....taking some time off this thread...hope i`ve been of some help here.

steve

thanks Spooz Top

 

[saliva]

Quote from optioncoach:

I would take 1175 lol, but realistic I doubt I would stay in that long. If I had access to options on futures I would probably do a put replacement strategy or protective call which I can do on the cash index perhaps. My only concern now is if I have to roll .

I've seen some "funky shit" during the 2000-02 bear market and human follies for what they are, it stands to reason that we're likely to see it repeated in the coming months. It's also worth noting that October is perhaps the most mind-boggling month of the year.

BTW, there's a negative divergence between price and the stochastics(7) on the daily ES. Ironically, the same divergence occured just prior to the July selloff.

As for the futures options, Interactive Brokers, whom I currently use, does provide FOP on ES.

 

[Spectre2007]

1474

 

[saliva]

Well, duh. When you try to push up the market on less than stellar volume like yesterday, no jackass in his right mind (and even the less than stellar ones) will just sit there and not take profit.