ES Journal Archive (2009 - 2010)

[wave]

Quote from Sha10105:

Anybody looking to go long here around 857??

If they hold 53.00 , today is a major zoom to the moon day and will ride it to 926.

But theres a long in there somewhere under 57, only when the lions appear. If they take out 53 prior to open and open it above 53 long still in play. Lions are crafty creatures.

 

[Lawrence Chan]

Quote from wave:

If they hold 53.00 , today is a major zoom to the moon day and will ride it to 926.

But theres a long in there somewhere under 57, only when the lions appear. If they take out 53 prior to open and open it above 53 long still in play. Lions are crafty creatures.

Great call on the drop from above 70.

And damn they finish the job last night again ...

About the 53 level, NQ must cooperate for the bottom to be made.

Edit: My view was posted here since the 940 area was touched - must keep dropping til Inauguration. First level to stop it should be Dec low around 820s.

 

[volente_00]

WHEREDEM40'SAT

 

[volente_00]

Quote from wave:

If they hold 53.00 , today is a major zoom to the moon day and will ride it to 926.

But theres a long in there somewhere under 57, only when the lions appear. If they take out 53 prior to open and open it above 53 long still in play. Lions are crafty creatures.

47 to get them in, and then the lions feast again.

Quote from volente_00:

I never said it pointed to a close at that level. The interest indicates a move to 842-847 and from there we can rally with a chance at 900 depending on how many new puts get opened or closed on this leg down at atm and slightly otm. There are a few other indicators lining up in this area as well such as the 50% fib level and the making over a right shoulder that can send this to 1100 later in the year if it holds.

History tells us that the change of direction in the low or high for the week most often happens on wed of oe.

Watch for the put interest swelling to see what the lions have in mind.

 

[Lawrence Chan]

Put interest may not be swelling within a day, thus a push to below 50% of the run up must be done before op ex.

Using SPX, 50% from last year low at 741 to swing high around 944 is 842.

 

[Lawrence Chan]

Quote from JSSPMK:

Never used to pay attention to the VIX, a build up prior to the drop in the indexes was so obviously seen.

Credit crunch my ass.

JSS,

If VIX is to shoot up even 1/2 the range from this point, a new low of ES would be in order!

 

[carson]

Quote from carson:

Long 856 5pt stop

Stopped out

 

[jmoo]

851.75 long

 

[Lawrence Chan]

RTH PP + 4 pm Close 867
S1 859.75
S2 851
S3 843.75

 

[volente_00]

Quote from Lawrence Chan:

Put interest may not be swelling within a day, thus a push to below 50% of the run up must be done before op ex.

Using SPX, 50% from last year low at 741 to swing high around 944 is 842.

You might be surprised on what happens on large gap downs in put interest. The tanks are orchestrated to sell premium as well as the spikes up for calls.