ES Journal Archive (2006 - 2008)

[princessa]

Quote from wave:

LC,

"Right on option exp, forcing ES back to 1250 by close would be the worst joke of all."


I wouldn't be surprised if we trade up towards 1269 and end the day at 1250. Checkmate for them.

can't figure out who originally said this, but whoever said it was...right on the money.

 

[princessa]

Quote from Lawrence Chan:

As the losing side, the shorts who have the $ so far to withstand the shock are trying to do what they do normally.

The problem is that they may have to give in this time as many tools are no longer available. e.g. hedged sell program, sell side bots.

Right on option exp, forcing ES back to 1250 by close would be the worst joke of all.

okay, kudos lc....

 

[loik]

Quote from Spectre2007:

if you look at what happens after a significant financial clamity.. the price takes a few years to base out and consolidates downward...

1929....

Where are we now?

 

[newguy05]

Quote from dstod:

What were the problems with IB in the morning? I had a stop on ES at 1261 that never executed. I managed myself out of the position for a small profit but had it been executed, i would've been able to turn a much better profit.

IB is completely screwed today.

-First in the morning it says my execess liquidity is at -200,000!! then once that's resolved, it said my newnetliq or some sht is negative. So i couldnt trade the premarket open at all and missed the ibkr(how ironic) run. Out $3000 profit

-Then all my option combos are not getting executed even though my bid/ask price were hit, i ended up taking directional risk and sold it one at a time at market price, not sure how much profit i lost on the spread.

-Lastly just now when i am trying to CLOSE one of my option combo, it said my liquidity is negative and cannot place the order. WTF, now it's too late market closed and i am still waiting for a cs.

I guess it's not just IB, i use optionsxpress for my longer term holdings, but decided to close out my ms covered call as it's almost close to max profit, i submitted a freaking MARKET order and it got stuck for half hr until the cs got someone to manually run it for me, lost $1 per meanwhile.

I am trying to get opx to reimburse me for the $1 per share loss, not even going to bother with IB because i know those fuckers wont do a thing.

all in all good profit today, but the damn broker problems took a lot away too.

/rant off

 

[Spectre2007]

Quote from loik:

Where are we now?

were in the post collapse, tight monetary conditions phase,..

think what it will be like to apply for a loan or a mortgage, new businesses will have a extremely hard time in financing operations, existing companies that are on shakey footing will find it harder, basically we are in a contraction phase in the Economy.

it will take a few years for that 'conservative' financing to normalize. The economy and the sp500 consists of more then just the financials, these other sectors will enter the turmoil phase. We are not even in 2009 ARM's readjustment interval yet, SP500 when its all said and done will be 900 or lower.

all this debt will create demand for fixed returns, instead of speculative returns. US policymakers need a deflationary spiral to take a foothold even though they don't state it. It creates an artificial demand for US notes/bonds just in time when the debt machine is entering into Overdrive. Not to mention the War financing.

 

[riaamaan]

There's no doubt the wheels are coming off and we're witnessing systematic economic failure on a grand scale. I've been thinking this could happen for a long time not because I'm a prognosticator, but because I think I understand fundamental economics. I don't go around talking about it too much because people just label me a doom and gloomer. On the occasion where I do bring it up, people don't believe it anyway. This sort of vindication is bittersweet.

Read this article by Jim Willie. I've been following him for years and he has been dead on for a long time.

http://www.kitco.com/ind/willie/sep182008.html

 

[Anna K.]

Quote from riaamaan:

There's no doubt the wheels are coming off and we're witnessing systematic economic failure on a grand scale. I've been thinking this could happen for a long time not because I'm a prognosticator, but because I think I understand fundamental economics. I don't go around talking about it too much because people just label me a doom and gloomer. On the occasion where I do bring it up, people don't believe it anyway. This sort of vindication is bittersweet.

Read this article by Jim Willie. I've been following him for years and he has been dead on for a long time.

http://www.kitco.com/ind/willie/sep182008.html

do you really think if US treasuries default and the whole financial system collapses, your gold is going to save you from a complete chaos that will occur?

why not buy real estate instead, you know, space on this planet is limited, and so it has to go up... or wait, that is what brought this crisis upon us in a first place

 

[EdgeHunter]

Quote from Buy1Sell2:

Long term down trend continues here. I am delighted at the opportunity to short again at higher levels. There should be some very good shorting areas in the near term as the short covering rally exhausts itself.

Do you still believe there is no PPT.. No Plunge Protection Team... or?

 

[futuman]

Quote from Spectre2007:

were in the post collapse, tight monetary conditions phase,..

What collapse? We have seen nothing yet.

 

[Buy1Sell2]

Quote from EdgeHunter:

Do you still believe there is no PPT.. No Plunge Protection Team... or?

Yes. But more importantly, I believe that even if there was one, it would not affect a trader using proper money management. I believe any PPT would be irrelevant to a good trader.