ES Journal Archive (2006 - 2008)

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Wow, what a day to take off. Nice downdraft to the lows. If you can understand that the "COs" are still positioned long here then you understand how markets behave.
 
notice the oil trade's being arbed out... =p, we were talking about it at the peak....when oil was 77.

pretty much all the markets are working to the macro model.
 
Quote from wave:

Play the game, don't let the game play you. Follow the footprints.
More...

Thanks Wave for starting my morning with a great big laugh. I'm tracking the footprints in eanest.

DMartin
 
heres the psychology for a intermediate term trade:

the fed funds is pricing in a cut by sept.... means the huge short positions will be unwound as sep expiration approaches. So people will start looking to cover at these reactionary lows.

the best time to cover, is when liquidity is the highest on peak fear.
 
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