ES Journal Archive (2009 - 2010)

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Quote from ammo:

out 61.5, avg 58 - 3.5, dont what to make of the call volume today in spy,

Interesting. Those things are in the money. They only thing I can think of is the possibility of a rally. I saw some unusual volume spikes today in several instruments. I'm sure it'll make sense @ 4pm tomorrow.
 
When the sky fell...

ES reminds me of the Nasdaq bubble circa 1999. Everyone knew that it was extremely overbought and yet it kept on going up and up. Any daredevil (you're looking at one) going against the trend got badly roasted if he wasn't quick to cut his losses. And then all of a sudden, out of the blue, the sky came falling down. It destroyed many traders who were caught off guard. I say don't let your guard down. You might be in for a rude awakening.
 
Quote from Builder17:

Quote from Builder17:

calls for tomorrw? i think its down from here personally.too many calls ITM. im willing to let the rest of the day prove me wrong.

actually i admit i did buy some calls.
but they were for SDS...

So all that stock that will be called has to be sold next week. The doji today maybe significant.
 
Quote from NoDoji:

OTC, that is inappropriate trading talk. The correct and professional thing to say is, "Please, God, pleeeease let my June ES short here see money again."

:D

"please god, dont let me get a margin call before this goes in the money!"

hehe. im not holding anything right now, im positive this week from scalping natgas long and es short :eek:.., yes its the hard way of doing it/

when the counter trend becomes the new trend.. glory will be mine
 
they could have run it up on the close ,just buy 3 for every 30 u sold of the calls,just enough to get the calls up where they could sell into the buyers, i havent a clue,better to be flat and wait for a setup, i;m still betting we go and fill the cleavage from 39-26 and a quick trip to 1110,just dont want to ride it up if wrong
 
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