ES Journal Archive (2006 - 2008)

[Wasabi]

Quote from jagmot:

SS, I think the correct interpretation of Wasabis analysis is that the percentages are probability that the market will reverse *if* the market gets there. Which is why the probabilities are higher at levels farther away from the current close.

Yes, that is how I understand it.

 

[RsX]

Tightening stop a little bit here, to -2.25pts.. This P/A looks messy and ugly.

EDIT: stopped out for -2.25pts

 

[Spooz Top]

interesting story in north jersey here how residents are tired of banks not providing cash in their ATM`s for customers......over a month now & banks still blaming it on a computer glitch......hmmm
not only do they not want to give out their infusions that they are supposed to be circulating,they want to keep your change in the atm`s as well.

funny how fed funds rate is sitting at 2.25 with banks borrowing cheap if not flat out given infusions like IB`s to prevent a collapse are hording everything they can.........if you have impeccable fico score,you`re still looking at 5.75 % at best......hell of a spread.

 

[romik]

Quote from Spooz Top:

interesting story in north jersey here how residents are tired of banks not providing cash in their ATM`s for customers......over a month now & banks still blaming it on a computer glitch......hmmm
not only do they not want to give out their infusions that they are supposed to be circulating,they want to keep your change in the atm`s as well.

funny how fed funds rate is sitting at 2.25 with banks borrowing cheap if not flat out given infusions like IB`s to prevent a collapse are hording everything they can.........if you have impeccable fico score,you`re still looking at 5.75 % at best......hell of a spread.

Smells of Russian crises back in the 90s, if what you say is true & consistent then all I can is OMFG as this is USA

 

[Lawrence Chan]

If bull side is going to put a bottom in for the day, would it be here or 33 below?

 

[Spooz Top]

Quote from romik:

Smells of Russian crises back in the 90s, if what you say is true & consistent then all I can is OMFG as this is USA

http://www.northjersey.com/business/Sorry_no_cash_right_now.html


this has been going on for a month now.....not since thursday.

smells like something is rotten in Denmark ......or an insolvent situation to me........perhaps just the biginnings of a domino flop to come.

 

[smilingsynic]

Quote from jagmot:

SS, I think the correct interpretation of Wasabis analysis is that the percentages are probability that the market will reverse *if* the market gets there. Which is why the probabilities are higher at levels farther away from the current close.

That is how Haggerty and others use them, but the probabilities have to do with the implied vol of SPX options. One can take the implied vol and estimate a day's (or two day's, or a week's) movement.

I consider them as overbought and oversold levels, places to look for a reversal and to tighten up trailing stops to lock in gains.

 

[MandelbrotSet]

Quote from Lawrence Chan:

If bull side is going to put a bottom in for the day, would it be here or 33 below?

The market is digging in its heels and trying to hold the line here.

If it does (and tha'ts a big if) the natrual resistance is 1347.

 

[MandelbrotSet]

ET is being hit with a bot.

Any chance of that crap spilling over onto our PC's?

 

[ammo]

mandel u left the color bars off your much coveted secret system, what is your mrket profile saying ,where is the nip support from previous days