ES Journal Archive (2009 - 2010)

kinggyppo · Jan 16, 2009

Quote from bigpig41:

KInggyppo: "buying these false breakouts" of the gap up this AM or the reversal break out from yesterday???

just in general, this morning was a good example, having bought the top many times I am always sceptical.

kinggyppo · Jan 16, 2009

Quote from kinggyppo:

long spy 83.30 stop .50

out 83.60

Lawrence Chan · Jan 16, 2009

During option ex days, previous day VWAP and current day developing VWAP almost always sandwich the price actions

Will see if it is the case today.

Previous day VWAP at 30.

Current VWAP at 43-44.

jmoo · Jan 16, 2009

834 out

Took a small long 828

Jahajee · Jan 16, 2009

Quote from Jahajee:

Want to scale into a long position from 830 to 822:

bot 2 @ 829

closed @ 835.75

smilingsynic · Jan 16, 2009

Quote from Lawrence Chan:

During option ex days, previous day VWAP and current day developing VWAP almost always sandwich the price actions

Will see if it is the case today.

Previous day VWAP at 30.

Current VWAP at 43-44.

VWAP is a sell zone for this current rally after the 20 point move from high to low this morning.

S1 is still in play.

Lawrence Chan · Jan 16, 2009

Quote from smilingsynic:

VWAP is a sell zone for this current rally after the 20 point move from high to low this morning.

S1 is still in play.

Since 860 (above the 57 swing high) was not even challenged, I am very bearish and bias on the short side -

1. gap higher than previous day high usually results in the gap not filled MOST of the time, and it filled

2. S1 not breached at all in RTH

So, low of previous day is in play ...

But as you said, it is op ex. I used to like op ex a lot when I was a stock option floor dude many years ago

freehouse · Jan 16, 2009

Quote from Lawrence Chan:

Since 860 (above the 57 swing high) was not even challenged, I am very bearish and bias on the short side -

1. gap higher than previous day high usually results in the gap not filled MOST of the time, and it filled

2. S1 not breached at all in RTH

So, low of previous day is in play ...

But as you said, it is op ex. I used to like op ex a lot when I was a stock option floor dude many years ago

LC,

Which options floor were you on?

Lawrence Chan · Jan 16, 2009

Quote from freehouse:

LC,

Which options floor were you on?

Toronto of course. I am a Canadian.

saliva · Jan 16, 2009

Quote from saliva:

If this is for real (and let's hope it is), look for another dip before it takes off higher.

We just made a dip down to 830. This might just be it. Far too early to tell, but if we clear above 838 we could be off to another race.