ES Journal Archive (2009 - 2010)

BoyBrutus · Jul 1, 2009

Quote from lurefo:

going to 931?

x 2

Now is Now · Jul 1, 2009

Quote from Now is Now:

SELLING 92500 S/L 92800 max

STPPd...not a good start to the month...

trackstar · Jul 1, 2009

LOTS of selling up here. Big volume going off for this 15 min interval.

BoyBrutus · Jul 1, 2009

Quote from trackstar:

LOTS of selling up here. Big volume going off for this 15 min interval.

give it up Yogi, its a bull flag to prior days high, 31 on the way

lurefo · Jul 1, 2009

Guys, it's too early to say that it's a genuine breakout, but if 24.75-25.75 holds we could see 941 by tomorrow or early next week.

startraitor · Jul 1, 2009

Not going to happen without oil which is making another downmove post inventories, is this part of bigger breakdown is the question.

Quote from lurefo:

Guys, it's too early to say that it's a genuine breakout, but if 24.75-25.75 holds we could see 941 by tomorrow or early next week.

lurefo · Jul 1, 2009

Quote from trackstar:

LOTS of selling up here. Big volume going off for this 15 min interval.

I don't know Track, while I could see a retracement to the 24 area, this looks quite bullish overall. 240 min IHS, breakout formation, 31-41 magnets...

trackstar · Jul 1, 2009

Quote from lurefo:

I don't know Track, while I could see a retracement to the 24 area, this looks quite bullish overall. 240 min IHS, breakout formation, 31-41 magnets...

LOL guys, I'm not short either. That doesnt mean I'm going to buy into selling though.

edit: Actually I am short (the puts) but that is purely to satisfy my bias

lurefo · Jul 1, 2009

Quote from startraitor:

Not going to happen without oil which is making another downmove post inventories, is this part of bigger breakdown is the question.

I'm not watching oil really as I never could find anything of value that could be added to my trading but I'll keep an eye on it.

trackstar · Jul 1, 2009

Quote from startraitor:

Not going to happen without oil which is making another downmove post inventories, is this part of bigger breakdown is the question.

Off the swing lows from the 23rd Oil and Equities(ES) are both around 4% up. What is weird to me is that gold and the euro are marginally green (1-1.5%).

A lot of the correlations that we had back in 08 have disappeared off the lows. Will be interesting to see how the correlations either come back together or completely change. My guess is they come back together hard once deflation sets in.