ES Journal Archive (2006 - 2008)

[JSSPMK]

Quote from kinggyppo:

GS...and from what I hear taking the market with it.

surely that is a joke, right?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1561001>

"trade what you see" - Master Osorico

 

[Spectre2007]

heres a look at the previous drops retest of the 50 day MA. Notice if the retracement is too quick, it almost leads to a consolidative drop..

especially with the macro forces impinging on the market, an extended consolidative drop is what I forsee.

 

[JSSPMK]

Quote from Spectre2007:

heres a look at the previous drops retest of the 50 day MA. Notice if the retracement is too quick, it almost leads to a consolidative drop..

especially with the macro forces impinging on the market, an extended consolidative drop is what I forsee.

ImO most rapid squeezes are engineered, it's like most things in life, the more intense the initial thrust the less time is required for that action to start running out of steam. That's what histogram is showing at the moment, recent attempts to reverse a continuation to the sell-off has created lower peaks=weakening bull action.

 

[elovemer]

i guess the gap was closed after all.....
----------------
Preparing to go short for at least close-the-gap to 1482.

 

[tommymoose]

IDK if momentum can get it there, but if it does, anyone else like ~1516 for a short?

 

[smilingsynic]

Quote from atticus:

http://www.reuters.com/article/marketsNews/idUKN0829795220070808?rpc=44

So basically they made an announcement that there was not going to be an announcement.

Beautiful.

Long GS October calls (actually, just one contract, having sold the rest of them before this $*%$. Only good move I made today).

 

[kinggyppo]

Quote from JSSPMK:

surely that is a joke, right?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1561001>

"trade what you see" - Master Osorico

Here is a chart of GS and SPY, what am I missing here? You must have me confused with marketsurfer.

 

[atticus]

Quote from smilingsynic:

So basically they made an announcement that there was not going to be an announcement.

Beautiful.

Long GS October calls (actually, just one contract, having sold the rest of them before this $*%$. Only good move I made today).

The *rumor* is that Alpha is down >20% YTD and is being disgorged.

 

[Spectre2007]

Quote from atticus:

The *rumor* is that Alpha is down >20% YTD and is being disgorged.

something shifted drastically in the real world compared to their models. I'm hearing a lot of notable hedge funds are down significantly, will force redemptions and arbitrary position clearing. Could be the reason for this volatility.

 

[Spectre2007]

another channel break..implies 1433 or lower.