ES Journal Archive (2009 - 2010)

[ammo]

this one, we hit yesterdays low as res, supp at 1016, hold that and sell off to 975-80 area on monday.( if this is the scenario that will play out, then this mornings action is hold it up for distribution) A manager for jpm named roach came on bloomberg radio yesterday and scathed the fed, this could be interpeted as a divorce from their recent mar- sept marriage. Now we must remember that the fed and imf and every other muti billion dollar acct trader wants to hold this up. Bernanke implied yesterday that the jobs wouldnt improve in the near future and no more stimulus for awhile,, so flip a coin

 

[startraitor]

Good chance of a double top here if we pop to the highs.

 

[vmaxer]

Quote from vmaxer:

added 2@22.75 (cancelled the 23).

same stop

out, that sucked. one tick from being a riskless trade.

 

[JSSPMK]

Quote from ammo:

2 yr dail spx, another chart after this

Here is another view Ammo, sweet spot around 1015 SPX

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2592601>

 

[vmaxer]

Quote from startraitor:

Good chance of a double top here if we pop to the highs.

yup, could be false breakout from the triangle (see 30 min SPX).

 

[startraitor]

ym did it x3.

Quote from startraitor:

Good chance of a double top here if we pop to the highs.

 

[ammo]

Quote from JSSPMK:

Here is another view Ammo, sweet spot around 1015 SPX

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2592601>

jss, how are your indicators pointing on the monthly and weekly

 

[burn8]

Quote from ammo:

this one, we hit yesterdays low as res, supp at 1016, hold that and sell off to 975-80 area on monday.( if this is the scenario that will play out, then this mornings action is hold it up for distribution) A manager for jpm named roach came on bloomberg radio yesterday and scathed the fed, this could be interpeted as a divorce from their recent mar- sept marriage. Now we must remember that the fed and imf and every other muti billion dollar acct trader wants to hold this up. Bernanke implied yesterday that the jobs wouldnt improve in the near future and no more stimulus for awhile,, so flip a coin

Thanks for the charts and commentary ammo.

-burn8

 

[pcvix]

Quote from vmaxer:

starting to think selloff. SPX has a perfect triangle.

sold 2@ 22.50, the 22.75 and 23 aren't filling. (stop 24)

Quote from JSSPMK:

If all 3 manage to get above yesterday close ImPO we go North. (Cash indexes)

SPX bouncing of a longer term TL of wedge/channel (depending on how one draws the lines)

Thanks, vmaxer and JSSPMK.

Let's see if there's any bearish follow-through today...

 

[ASusilovic]

Quote from pcvix:

Thanks, vmaxer and JSSPMK.

Let's see if there's any bearish follow-through today...

Old rule applies :

IF ES in trouble, sell USD buy ES High Frequency, short squeeze. This rule applies as long as valid.

Q.E.D.