ES Journal Archive (2009 - 2010)

Lawrence Chan · Aug 17, 2009

Right on time

And price too.

[Proximo] · Aug 17, 2009

Flat futures. Have to manage other stuff.

ammo · Aug 17, 2009

adding 78 short to previous 81,add 79, dvol/uvol now 17/1

satchel · Aug 17, 2009

I have all selling, rats jump ship next 15mins - until full session closed at :15. Tech helping the drag.

970 baby.

romik · Aug 17, 2009

Quote from romik:[a/i]

This week we go down 99% certain (substantially)

I'd say at least another 40 bucks on the table

ASusilovic · Aug 17, 2009

Without the help of Asia there will be no further sell-off. If Hongkong and Shanghai retrace tonight - take care.

JSSPMK · Aug 17, 2009

I see a wedge/triple divergence on 30m/60m charts with a target of 994

bavorak · Aug 17, 2009

With the sharp two day sell off based solely on implied fear, I think we will see a rebound tomorrow to the upside. As someone already stated this afternoon, there were large blocks in the 250K range snaped up on the dips and no further fall out. The big money was accumulating inventory.

Lawrence Chan · Aug 17, 2009

Quote from bavorak:

With the sharp two day sell off based solely on implied fear, I think we will see a rebound tomorrow to the upside. As someone already stated this afternoon, there were large blocks in the 250K range snaped up on the dips and no further fall out. The big money was accumulating inventory.

I posted that and you misunderstand.

Big money are out of US equities totally.

Some are net short since high 900s.

The buying is purely market "making" activities to mess with traders who cannot hold overnight or longer term positions.

It is easier to understand if you think of the game as no limit poker and one of the party keep pulling up 10x whatever the table pot total is, asking people to call or fold. And somehow the host allows that, at the same time praising the action as a stablizing force to the game. =)

JSSPMK · Aug 17, 2009

Quote from Lawrence Chan:

I posted that and you misunderstand.

Big money are out of US equities totally.

Some are net short since high 900s.

The buying is purely market "making" activities to mess with traders who cannot hold overnight or longer term positions.

It is easier to understand if you think of the game as no limit poker and one of the party keep pulling up 10x whatever the table pot total is, asking people to call or fold. And somehow the host allows that, at the same time praising the action as a stablizing force to the game. =)

Classic updrift into previous support & BAM!!!

What do you think?