ES Journal Archive (2006 - 2008)

volente_00 · Dec 10, 2008

Quote from vertigo3:

vol,
please state length of price bar you are referring to,
5min? 10min? 30min? daily? century? millenium?

I'll guess 5min or shorter, but what you say?

trackstar · Dec 10, 2008

buyers are being so passive.

Jahajee · Dec 10, 2008

VIX declining rapidly - now down 4.66 at 54.25

As volatility goes down with market rallies, VIX could go below 50 when markets top out

saliva · Dec 10, 2008

Quote from Jahajee:

VIX declining rapidly - now down 4.66 at 54.25

As volatility goes down with market rallies, VIX could go below 50 when markets top out

Isn't it disingenous to call it "volatility" index? The market is pretty damn volatile on the way up too, if you haven't noticed lately.

startraitor · Dec 10, 2008

add 902.50,

Quote from startraitor:

long 99.75, stop below 95, target 910+

trackstar · Dec 10, 2008

remember guys, these are the shitty up move that occur after tanks, anyone remember the up move after the DB earlier this year?

saliva · Dec 10, 2008

How does it feel when price comes 1-tick shy of your stop? Do you feel lucky or do you feel more like an idiot? Little bit of both, I s'pose. In the meantime, I'm moving the stop from 906.50 to 906.75.

Lawrence Chan · Dec 10, 2008

If another sideway day, we will track back to open.

Edit: Without shocking news, mkt tends to drift up during this holiday season ...

BoyBrutus · Dec 10, 2008

Quote from trackstar:

remember guys, these are the shitty up move that occur after tanks, anyone remember the up move after the DB earlier this year?

But the trend is still long, so why not make a few

Jahajee · Dec 10, 2008

Quote from saliva:

Isn't it disingenous to call it "volatility" index? The market is pretty damn volatile on the way up too, if you haven't noticed lately.

VIX moves inverse to market.
Yeah, it's volatile on the way up (more like chop chop chop chinese water torture.... pullback, retrace...) but I am sure you observed the sharper and at times violent action in down moves.

Current rally has been on for a week? and still not 100 SPX points from 817; in a down market woudl have already dropped SPX 150 points. I prefer trading bear markets.