ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from Pekelo:

Care to reconsider as ES is at 1525? :)

What happened today was that we put in the second bottom on the daily chart as a confirmation for the tide turning.

But the trend has been UP since Monday...

P.S.: I am sorry Oso, but I just love this shit!:

Pekelo (Oct 24, 2007 1:37:34 PM)
this is an SDD by the way
meltdown scheduled around 2 pm
but I think unlike Friday we will end in a rally
More...

Well, I was quite shocked at the reversal. You could quite possibly be correct in your analysis and I will wait a bit longer before acknowledging an upward trend.

DMartin
 
Pekelo,

Forgot to mention what has me still in the bear camp (for the moment) and that is the Advance/Decliners on both the NYSE and NASDAQ. This was a future induced run up without real buying and that can be seen in the Breadth. Should be interesting trading tomorrow.

Let The Good Times Roll, DMartin
 
Quote from Spooz Top:

what you saw today was textbook PPT in action at a very critical point in the charts.....that`s when they show up,at the most critical times.
More...

Spooz,

I know you said you weren't coming around for a while, but I know you're lurking.

I think you should simply acknowledge the fact that you were wrong about the market's tanking and stop blaming the PPT boogeyman for your losses.

It is very clear from your posts this morning that you were leaning heavily short.

So you were wrong. So what? That is the way it goes sometimes. There was plenty of money to be made on the upside this afternoon, and on the downside after ES went back to right around the unchanged level. I for one did not make as much as I should. But that was MY fault (I had a good morning, and was content and tired already).

Take responsibility already.

Prudent traders were waiting for the buy signal after the double bottom. I bot at 1503.75, and that was actually late, since I waited for confirmation.

When did you cover? Or are you still short?

Good luck.
 
spooz is around 19.75 now... expecting 1528 as open nears, strong markets in Europe.

even paris is up 56,...expecting 1% up move...in spooz, 1540.. zone.

edit: give in... come over to the darkside luke,.....the power.... ..luke I am your father!!!
 
Quote from ASusilovic:

Anybody aware of the GAP 1540.50 - 1546.80 in big SPOOZ ? :D
More...

durable goods.. oh mi...just make a phone call to the offshore hedge funds being used by russian petro dollars.

I'm sure they will ablige, and we will too by buying 90+ per barrel of oil.

oi igor... buy 10,000 spooz for me....awright boss.
 
I got this question in PM, but maybe others were wondering, so I will answer it here:

you identified the day as an SDD, but can you shed some light as to why you felt odds favored a rally in the afternoon?

Sometimes an SDD ends in a rally, and not in a complete meltdown. It still goes down according to the timeline around 2 pm, but instead of falling until 3:30, it turns back earlier and end up way higher than te meltdown level.

Why did I think it would happen yesterday? 2 reasons:

1. As I said, I think since we reached the lower BB on the daily, we are in an uptrend (well, wide sideways range). The level were we bounced off in the morning was exactly the same reached on last Friday, thus a double bottom was present, still agreeing with my view.

2. Last Friday was a classic SDD, and I just didn't think we would get another one so soon. It was more a feeling. I was only expecting to bounce up to 1510, so even I was surprised by the power of the bounce...
 
Quote from Spooz Top:

this is going to be my last post here for a while......but for those that actually listen with an open mind & don`t have a know it all attitude................what you saw today was textbook PPT in action at a very critical point in the charts.....that`s when they show up,at the most critical times.

don`t believe for a second that "some guy from Boeing" or a rumor on the floor is going to create a 30 handle rip.......just is`nt happening........if anyone here has ever been to a trading floor or even listened to the s&p audio......you would know that these rumors surface every single day,all day,every day!

i don`t post here to be a know it all but to share what i know & it`s getting tiresome defending myself when i have to debate the facts.i`ll let you all decipher the bullshitters from the real traders as fearless9 alluded to.....& if you can`t determine that then maybe you should reconsider trying to become a trader....but i think it`s fairly evident whom is whom.

good trading to all here,
steve
More...




This action is caused from options, not from the govt out to get your short money.
 
Status
Not open for further replies.
Back
Top