ES Journal Archive (2006 - 2008)

[El OchoCinco]

Looks like US $ weakening across the board..

 

[volente_00]

4 th day going just as planned

 

[RsX]

Quote from RsX:

Placing an order to buy 1372.75 with a modest 3pt stop.

EDIT: filled 1372.75, stop remains at -3.00pts.

Raising stop to 1370.75 (-2.00pts), 2 ticks below the current low.

EDIT away from the screens for a while.. putting MIT sell order to 1385.25 for that time.

 

[ammo]

short 78.5,80 stop

 

[opt789]

Quote from Lawrence Chan:

USD/JPY effectively dropped 200 pips while ES melt up over the past 2 days.

Any opinion on that?

The market currently feels that the Fed has abandoned the fight on inflation and will continue to lower interest rates while most of the world will not be joining them, thus the US dollar is worth less. The ES has gone up because of the apparent elimination of the fear the monoline insurers will implode. We'll see what Ben has to say on the matter.

 

[volente_00]

Quote from ammo:

short 78.5,80 stop

i like but I hope ben does not burn us

 

[detective]

The Fed doesn't care about controlling inflation. This is bullish for the stock market and crude at $100, wheat at $12 doesn't phase this Fed. They are looking to rescue the markets. Thats their main concern.

 

[ammo]

out 78, don't see any selling pressure here

 

[smilingsynic]

If the gap is filled, the rule of 10 would also be realized.

 

[blaster1]

Short 1380.75 (rule of 10).

Edit: Scaled out 1/2 1378.50.