ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Quote from saliva:

It looks like we'll be moving in a very steady pace. Nothing too drastic. So far, everything has been bound in a channel, which looks like it just *might* be falling apart. Obviously, it's dangerous to stick your neck out too far these days.

Distribution day.

The buying in the morning are forced buying.

 

[Decel]

Quote from Decel:

No volatility and no decent pullbacks. A contrarian like me should have stayed asleep this morning...

Bid 1 NQ 1374.75.

Changed the bid to 1376. Still think we're headed down but the pace feels like it wants to rip higher once 2pm comes.

 

[ammo]

Quote from Now is Now:

Still useful....way back (+12 years) used to trade UVOL/DVOL ratis combined with OEX/XMI ratios...now XMI doesn't exist.

20 + years ago, if it got to 3/1 it would never hold, 3/1 up ratio was a great afternoon short

 

[Now is Now]

Quote from ammo:

20 + years ago, if it got to 3/1 it would never hold, 3/1 up ratio was a great afternoon short

Not to say it will hold today either....

 

[ammo]

would love to see a pullback to 95 by 1:30,mp is setup to allow it

 

[saliva]

Quote from Lawrence Chan:

PA extremely artificial.

Bots pushing for new high here.

I'm beginning to think that this is more of a short-covering rally than a genuine buyers rally.

 

[Decel]

Quote from ammo:

would love to see a pullback to 95 by 1:30,mp is setup to allow it

Which time zone?

 

[ammo]

its 1:15 now, chicago cst

 

[Lawrence Chan]

Tick index still in extreme buying mode.

1 day like this can mark a short term top.

2 days in a row we can get a sell off for many days.

 

[Alvianse_D]

Classic 8 day low cycle reversal, despite buying pressure since last Wed. I was looking at the square of range to 780 also especially considering how strong 96 reacted last week, but I see value here. I'm looking for signs them buying this at close Wed. around 84

Also I've found U/Dvol spreads as far as smart money is concerned leads by a period.

If they buy this it's good for a week and a half to 927.

(all as a matter of opinion of course)