ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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The DT is in... stop moved to right above highs (from 1.5 points now to 1 tick ha)... now lets see where this thing wants to go 
I am just writing what I see on chart.
Attention, I am not saying that price will go up or down from this reason. Like you wrote A/D indicator is somewhat usefull just at extremes.
Right now I have no position simple because bots have power to turn the market easily any way - we are in the middle.
1. They can go with PPT over 1380 and end there /I believe this is the most probably scenario/ and scream loudly that bear is extinct.
2. They need to sale what swallowed yesterday. This time must come, however I expect that they will wait a bit with it because they want stabilise market higher.
Attention, I am not saying that price will go up or down from this reason. Like you wrote A/D indicator is somewhat usefull just at extremes.
Right now I have no position simple because bots have power to turn the market easily any way - we are in the middle.
1. They can go with PPT over 1380 and end there /I believe this is the most probably scenario/ and scream loudly that bear is extinct.
2. They need to sale what swallowed yesterday. This time must come, however I expect that they will wait a bit with it because they want stabilise market higher.
the big houses who have the trust money and 401ks have to hold a position for a minimum of 10 days, limits them from front running their upgrades and downgrades, so the majority of what they bought yesterday they have to hold, they can only hedge against it,10 days will be monday the 14th
Enough of the 'bot talk.
The bots have made ES trading a little trickier than it used to be five years ago, but most of the same principles that worked back then and before still work.
The bots have made ES trading a little trickier than it used to be five years ago, but most of the same principles that worked back then and before still work.
Thanks, ammo, I did not knew it.
Now will be veeeeeeeeery interesting to know how big part of yesterdays buing was in this cathegory.
However I expect that big houses have older positions of same security.
For example, I have 10 million shares A 10 days long. Yesterdays I bought another million and today I will sale those 10 days old. And A yesterday looks breaking and today back in congestion.
Just big question is like mentioned Lawrence - where are average costs.
We need indicator- average costs for market making subjects.
Now will be veeeeeeeeery interesting to know how big part of yesterdays buing was in this cathegory.
However I expect that big houses have older positions of same security.
For example, I have 10 million shares A 10 days long. Yesterdays I bought another million and today I will sale those 10 days old. And A yesterday looks breaking and today back in congestion.
Just big question is like mentioned Lawrence - where are average costs.
We need indicator- average costs for market making subjects.
you are right,that's the tricky part, the big houses knew, at least jpmorgan and gsax that bernanke was gonna step in because they negatiated previous to the announcement so they were most likely long from 1250 to 1270 and could be dumping here but they might try to take it up to 1406 to convince foriegn money that everything is getting better,if thats the plan then they will wait and unload higher we need them to buy u.s., we may have also bought into their mrkts previous to this runup, ben has a bankroll of a few trillion in medicaid and social security to borrow against,i know he shouldn't but if he didn't it would be worthless anyway
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