ES Journal Archive (2006 - 2008)

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Quote from dmartin:

Don't think we are in an uptrend.
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Care to reconsider as ES is at 1525? :)

What happened today was that we put in the second bottom on the daily chart as a confirmation for the tide turning.

But the trend has been UP since Monday...

P.S.: I am sorry Oso, but I just love this shit!:

Pekelo (Oct 24, 2007 1:37:34 PM)
this is an SDD by the way
meltdown scheduled around 2 pm
but I think unlike Friday we will end in a rally
 
Quote from smilingsynic:

I've been trading since December 27, 1995.

Despite your hostility and poor grammar, I still wish you the best. Good luck to you.
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i seriously doubt it......good trading!
 
this is going to be my last post here for a while......but for those that actually listen with an open mind & don`t have a know it all attitude................what you saw today was textbook PPT in action at a very critical point in the charts.....that`s when they show up,at the most critical times.

don`t believe for a second that "some guy from Boeing" or a rumor on the floor is going to create a 30 handle rip.......just is`nt happening........if anyone here has ever been to a trading floor or even listened to the s&p audio......you would know that these rumors surface every single day,all day,every day!

i don`t post here to be a know it all but to share what i know & it`s getting tiresome defending myself when i have to debate the facts.i`ll let you all decipher the bullshitters from the real traders as fearless9 alluded to.....& if you can`t determine that then maybe you should reconsider trying to become a trader....but i think it`s fairly evident whom is whom.

good trading to all here,
steve
 
Quote from Spooz Top:

this is going to be my last post here for a while......but for those that actually listen with an open mind & don`t have a know it all attitude................what you saw today was textbook PPT in action at a very critical point in the charts.....that`s when they show up,at the most critical times.

don`t believe for a second that "some guy from Boeing" or a rumor on the floor is going to create a 30 handle rip.......just is`nt happening........if anyone here has ever been to a trading floor or even listened to the s&p audio......you would know that these rumors surface every single day,all day,every day!

i don`t post here to be a know it all but to share what i know & it`s getting tiresome defending myself when i have to debate the facts.i`ll let you all decipher the bullshitters from the real traders as fearless9 alluded to.....& if you can`t determine that then maybe you should reconsider trying to become a trader....but i think it`s fairly evident whom is whom.

good trading to all here,
steve
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yo man, don't let debate tire you down, noone knows what the gap is really about unless, you yourself were part of the institutions on the buyside.

onething can be certain, it took a fair bit of money to instigate it, perhaps the same amount of exposure that took us down to under 1500. It could be the same institutions removing exposure. Then you have to ask yourself why they didn't just push it down and break it, since liquidity would have been far higher if they truely wanted to cover before FED meeting.

so it could be argued, that it was a beneficial entity or they were running on fumes in terms of capital reserves to push it lower. Capital levels even though huge are finite for pretty much everyone except the Treasury. I have done fair bit of research on the Presidential Working Group.

and its plausible that they were behind it, since it takes far less funds at preserving a level before it breaks then after a break.

so you your theory about well connnected firms working in concert could be right.

Stick around your a good barometer or join me at my thread at T2W. Anyways your thoughts are appreciated here.

Chris
 
Quote from Pekelo:

Care to reconsider as ES is at 1525? :)

What happened today was that we put in the second bottom on the daily chart as a confirmation for the tide turning.

But the trend has been UP since Monday...

P.S.: I am sorry Oso, but I just love this shit!:

Pekelo (Oct 24, 2007 1:37:34 PM)
this is an SDD by the way
meltdown scheduled around 2 pm
but I think unlike Friday we will end in a rally
More...

I've been following your calls, and they are working pretty well, and you seem to be with the trend. Keep it up.
 
Quote from JSSPMK:

How would we know THAT looking at your chart?

Here is my2c

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1652361>
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Quote from Spectre2007:

you can sense it on this board and other threads, noone wants to get long this market.


Most savvy traders need some sort of confirmation, even Apex needs a confirm after his zone's been hit

Now this is looking a lot more bullish, retrace & bounce, histogram 1-3 hour charts has put in a bullish pattern. What is tomorrow? Volente's Thursday :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1653649>
 

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SFO is reporting that significant $ (8.5 Billion) added by Fed into banking system today and yesterday. That could help explain the move today.
 
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