ES Journal Archive (2006 - 2008)

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Yeah, these markets are not manipulated. I am sure joe two lot pushed these futures straight up starting at 2:00 am this morning. Here is an updated daily chart with keltner set at 20, 2.
Another example of the dangers of counter trend trading.
 

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goldman sachs and lehman, reputed to be the hooligans.

2:00 AM european markets are underway, there was strong sentiment indicators which the futures, moved with.
 
Quote from apex82:

I havent been around much because I am taking some time off until September. I had one of my best months and am going to do some traveling, golf etc. and do my best to get away from the screens.

It is not my life or money and you might had travel arrengement already, but wouldn't it be better to ride your HOT STREAK? Specially when the market is extremely volatile and you can make more points in a few days then during a usually slow summer in weeks?

Again I am asking this respectfully, but it looks like you are a farmer who left his field in HARVEST TIME! :)
 
Quote from Spectre2007:

last week was just a big stop run, and the negative sentiment needs to be preserved....watch for evidence of buying pressure, and support levels to hold.

but I anticipate the hooligans will come in and bid it back up.

LOL.
 
yeah especially if I just came off vacation....I would milk it for everything, and thats one of the characteristics, to take advantage of good times as much as possible.

my thesis: about the hooligans was as expected. =)

edit: the art of the trade, its a much more controlled situation then last week. The MM's can run the stops to the downside in a controlled fashion and bid the market back up.

last week the tic action, even the MM's were loosing control during the 15 points minute to minute swings.
 
GEN: On The Fly: Morning Wrap-Up for Tuesday, July 31 - Globex SP' futures trading 5.75 above previous night's SPX cash close. Nikkei 225 17,248.89 down 0.23%, DAX 30 up 1.64%. WTI Crude oil $77.06 up 0.30%. Gold $678.50. LME Copper up 1.20%. International Financial Head Lines: Mitsubishi UFJ Financial Group-MTU, Japan's largest bank, reported 1st quarter profit fell 31% from a year ago, when the banking group booked a large special profit from the recovery of loan-loss reserves. Alcatel-Lucent-ALU, the world's biggest manufacturer of telecommunications equipment, reported 2nd quarter revenues rose 0.5% year-over year at constant Euro/USD Exchange Rate. Ryanair-RYAAY, the Irish low-cost carrier, announced 1st quarter profits increased 20% over last year. U.S. Financial Headlines: General Motors-GM 2nd quarter global market share of 13.3% compared to 13.7% in the year ago period, driven by a softer U.S. market. Dow Jones & Bloomberg.


GEN: On The Fly: Asian Markets Wrap-Up for Tuesday, July 31st - Most Asian markets were higher Tuesday, but volatile, due to the higher yen and positive earnings reports... JAPAN: Shares gained on positive earnings reports from Olympus Corp. and Mitsubishi Corp. Steelmakers sank after Japan's Fair Trade Commission said it will start an investigation into Nippon Steel Holdings (NISTY), JFE Holdings (JFEEF) and Sumitomo Metal Industries on suspicion of price fixing. Gains were also supported after the government said the nation's unemployment rate unexpectedly fell to 3.7%. The Nikkei 225 closed the market 0.2% lower, to 17,248.89 while the Topix gained 0.47%, to 1706.18 in Tokyo... TAIWAN: Taiwan's stocks rebound for the first time in five sessions as investors judged the market to be oversold. Shares also advanced after the Commercial Times reported the island's mutual funds may invest NT$100B, or $3B, into the domestic market during the second-half of 2007. The Apple Daily reported that Quanta, the world's largest maker of notebook computers, is likely to regain an order from Toshiba (TOSBF) to make notebook computers after losing the contract last year; shares of Quanta jumped 3.5% on the news. The Taiex closed 2.37% higher, to 9287.25... AROUND ASIA: India's central bank unexpectedly raised its reserve limit to 7%, up from 6.5%, to curb lending and investments. Singapore's CitySpring Infrastructure agreed to acquire Australia's Basslink electricity cable from National Grid Plc (NGG) for A$1.175B, or $1B. Data gathered from Bloomberg website.

Source: FOTW
 
there is a battle in the tic action between two whales.

someone is trying to run stops at 96 and someone else is trying to keep it down.

edit: its not efficient for the whales to be combative, usually they work together in a collusive manner. Simmons algo is already in the price action. If simmons controls a larger book, it would be more advantageous to move with the algo.
 
market will rally ... =)

consumer confidence is surprisingly strong.

recession fears are gone......... implies a strong jobs report.

B1S2, your buy stop will get hit.

edit: futures not gapping up as is implied by the numbers..
 
Quote from Spectre2007:

market will rally ... =)

consumer confidence is surprisingly strong.

recession fears are gone......... implies a strong jobs report.

Ahh, what better way to initiate a final climatic drop. The market will always move against the convictions and confidences of the majority.
 
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