ES Journal Archive (2009 - 2010)

[Eko_Trader]

Quote from Picaso:

Just a note:

<i>For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the federal holiday earlier this week, a Labor Department official told reporters. As a result, California and Virginia estimated their figures and the U.S. government estimated the other seven, the official said. </i>

http://www.bloomberg.com/news/2010-...-s-decreased-27-000-to-451-000-last-week.html

This kind of mess happens all the time. We run up on some bogus number only to have it revised lower the next month. That's why you have to trade the market in front of you. If you're short, a bogus good number will run your stop just as if it's a legit number. Same goes if you're long on a bogus bad data.

 

[emg]

Quote from Eko_Trader:

This kind of mess happens all the time. We run up on some bogus number only to have it revised lower the next month. That's why you have to trade the market in front of you. If you're short, a bogus good number will run your stop just as if it's a legit number. Same goes if you're long on a bogus bad data.

Doomsday!

 

[wave]

08-27-10 10:04 AM
A long position was triggered. 1115 target

almost there...

 

[schizo]

Quote from schizo:

Out and flip short 99.75

Don't count on them T-day crews to come to your rescue. My sources tell me tomorrow is guaranteed to be a big down day.

Completely bombed this one. So sorry.

As for the trade, still hanging on.

 

[ammo]

Quote from wave:

08-27-10 10:04 AM
A long position was triggered. 1115 target

almost there...

and the pullback to 85 u mentioned was accurate within 4 points, great read,thanks for sharing

 

[emg]

plan on going short 1119.50

 

[Picaso]

Everybody still trading September, right?

Seriously, where's Vol?

102 --> 112

IF 107 THEN 1117?

That gap below at 98.25 still weighing market down, but internals seem kind of neutral. Looks like it's trying to make up its mind.

Go Airwaves!

Go Schizo!

I know, I have no principles...

 

[Pekelo]

Quote from Eko_Trader:

This kind of mess happens all the time. We run up on some bogus number ...

...or one could have looked at the last 3 days as consolidation, and it was just a question of "what will cause it to break up higher" not the validity of the news...

 

[emg]

looks like the market is going down. may fall hard

 

[wave]

1102 long area