ES Journal Archive (2006 - 2008)

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Again this is playing out like last week, ES goes down will not break 60 level and sits and watches NQ go down. NQ reverses and takes ES with it. Data this week has been good... So a retest of 1294 cannot be ruled out. Break of 1260 and a close below (not just stop hunting) opens the way to test down to 40.

This is just commentary and not a position. I am long ES and NQ but I have no fixed stops or profits at this time...


Quote from jagmot:

I'm looking for a selloff to start sometime in the next week. I'm first hoping for a rally around 1300 as I would love to get some great rr shorts off between 1290-1300 with stops near 1310 and targets as low as 1200. Not a trade right now but what I'm looking for.

Seems like almost everyone is looking for something similiar in the thread though, which makes me think we won't get there.
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guys stop talking about me

lets focus on business.we can all exchange contact options after work.phone #s, emails,chat options.whatever......

for now its ES.ES only.got it?
 
Quote from gwac:

NQ continues to be a drag on ES right now... NQ need to get above yesterday high to get things going...
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NQ is more negatively impacted by oil prices than ES.

OldTrader
 
More than that, NQ has had a neg bias for a week whether oil was up or down....

I

Quote from OldTrader:

NQ is more negatively impacted by oil prices than ES.

OldTrader
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Quote from atticus:

Covered at +7.50. Still believe we touch +12.00 today.
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With the way the ten year notes are performing, I'm not to sure about that, but it could happen, (trend remains up and there's plenty of sunshine left in the day).

Got mine on the early pops in both indice, time to go get some sweet dominican coffee ... :D

Good trading,

JJ
 
heres the secret, the jig is up, the market makers realize the macro cycle will start to shift soon, to one of growth and higher rates, so the time window is closing for one last flush out to the downside, before moving up with interest rates.


as interest rates and equities move up together, by 2012, interest rates will be double digits and be competitive enough to pull money out of equities leading to 87 style crash.
 
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