ES Journal Archive (2006 - 2008)

[wareco]

Quote from Buy1Sell2:

No. I will be looking to add when the dust settles a bit more and we see some more strength. I am looking to hold until at least 1550.

I don't position trade, so I guess I don't understand the logic, but if you don't see a resumed extended upside in the near future, then why not cover your 1407 (ES H7) buy and look to re-enter the long at a lower level? I say this particularly in light of the spike off of the lows we've had. From a probability standpoint which was more likely to occur, a continued extension upward, or a retrace of the spike?

 

[wareco]

Was it just me or did anyone else think the run up this morning felt funny in a manipulated kind of way? I mean, the NYSE adv/dec. was about 1:3, the tick was unimpressive; most world indices were down; pre-market was down. It just seemed phony to me.

 

[apex82]

Quote from wareco:

Was it just me or did anyone else think the run up this morning felt funny in a manipulated kind of way? I mean, the NYSE adv/dec. was about 1:3, the tick was unimpressive; most world indices were down; pre-market was down. It just seemed phony to me.

Its has to fake someone out... the market moves from one set of stops to the next

 

[ammo]

manipulation to get short,there was heavy volume in es at 12est,1.3 m

 

[ammo]

manipulation to get short?,there was heavy volume in es at 12est,1.3 m

 

[osorico]

Quote from wareco:

Was it just me or did anyone else think the run up this morning felt funny in a manipulated kind of way? I mean, the NYSE adv/dec. was about 1:3, the tick was unimpressive; most world indices were down; pre-market was down. It just seemed phony to me.

Hopefully you captialized on your feeling. Phoney, real, manipulated, who cares!

 

[apex82]

If this 1402.50-1404 area holds we have the potential of rallying 40 points or so from here. Just something to keep in mind. If you are heavily short here, good for you. But a nice place to lighten up just a bit and reenter if this level is broken. Next stop would be 1392.50-1394

 

[wareco]

Quote from osorico:

Hopefully you captialized on your feeling. Phoney, real, manipulated, who cares!

Uh, yeah several times so far, but I did have to average up on my first short position. Phoney feeling or not, the prospect of a loss was real enough.

 

[apex82]

Here we go... ES trading right at support 1401.75 it has to hold here Nice place to exit shorts and reassess

 

[osorico]

Quote from osorico:

So, do we fill the gap from 3/8/07??

Answer... at least partially on ES
Still waiting for YM.

Also FWIW, SPCash took out the 2/27/07 intraday low... an important event, imo.