ES Journal Archive (2006 - 2008)

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Quote from apex82:

looking to buy 1347 with a tight stop if it can get down there
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The best indicator based short term system I ever wrote for the S&P has a buy signal (today only) at 1344. Holding time of 2-5 days.
 
Hi Apex82
..what time frame and fib level are you using to get your 1347 entry ? -- charts would be great !
Thanks
( I have a similar level @ 1347.5 from yesterday myself )
 
i only place i see support is 1325 on the s&p cash.....not too far away at this point.......easy 100 point short covering rally from there without weakening the overall bearish picture one bit.
 
Quote from Allen3:

but with your long term outlook and hold time and little want for leverage, why do you continue paying time premium and rollover costs.
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Since he is short, the timepremium actually works in his favor, and rollovers are cheap. One tick gain covers 3 rollovers.
Even when he is long, 3 points per month is really not much for the cost of carry...
Supposed he is long and short 50-50% of the time, the cost evens out...
 
Quote from Pekelo:

Since he is short, the timepremium actually works in his favor, and rollovers are cheap. One tick gain covers 3 rollovers.
Even when he is long, 3 points per month is really not much for the cost of carry...
Supposed he is long and short 50-50% of the time, the cost evens out...
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I understand all that. It doesn't seem to make much difference in my view when your talking about 100 snp points, but B1S2 seems to say com. were a big deal in his view. The last couple rollovers he told us about were longs and that is what I was basing my time premium loss on. Anyway, was just interested in his choice. :)
 
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