ES Journal Archive (2009 - 2010)

[Trvlwanderer]

Quote from Lawrence Chan:

What about natural / man made disaster beyond any single government can handle?

Prophesized, but damn hard to short in advance.

 

[NoDoji]

Quote from Trvlwanderer:

Prophesized, but damn hard to short in advance.

2012 LEAPS?

 

[jjj1000]

Quote from NoDoji:

2012 LEAPS?

leaps are actually a good idea. I am considering them for the near future. But it is hard to short a bubble. I am glad that I hedged my shorts on friday, it totally looks like we will have another up day.

The key for this bubble to burst imho are interest rates increases and/or the FED tightening of money policies, then the party can end. Or a dramatic, unexpected event like a country defaulting, etc.

 

[ASusilovic]

1176 contracts swallowed at once. Somebody had a bitter need for a "breakfast"...

 

[flatron]

long 1147.25

 

[ASusilovic]

Taking some profits 1147.50.

 

[Pholeuon]

I see several CARDINAL resistances bellow 1200. After my opinion impoossible go through without significant pullback.

Quote from Eko_Trader:

This will be a really interesting week. I see nothing in terms of resistance up until 1200 (maybe). Please correct me if I'm wrong. This is no man's territory. I'll say go long on nice setups and keep a tight stop.

Either way, do not trade this thing without a stop. It's toppy, yet no notable resistance.

 

[tortoise]

Quote from Pholeuon:

I see several CARDINAL resistances bellow 1200. After my opinion impoossible go through without significant pullback.

GS has decreed that S&P will hit 1350 by midyear. Why on earth would anyone sell until that mark has been reached?

 

[Pholeuon]

Simple because shorting this market (daytrade during regular US trading hours now I am not speaking about swing) is far easier than going long. And they do not speak about pullbacks.
If there will unexpected break it will be to the downside. There is no risk shorting it during regular hours. Most of grow of the index was out of RTH and in first 15 min of day and otherwise during RTH is usually declining analyse it yourself.
They will not allow you take long position unstopped during RTH.

 

[tortoise]

Quote from Pholeuon:

Simple because shorting this market (daytrade during regular US trading hours now I am not speaking about swing) is far easier than going long. And they do not speak about pullbacks.
If there will unexpected break it will be to the downside. There is no risk shorting it during regular hours. Most of grow of the index was out of RTH and in first 15 min of day and otherwise during RTH is usually declining analyse it yourself.
They will not allow you take long position unstopped during RTH.

LOL. You are so right. "They" are assholes.