ES Journal Archive (2009 - 2010)

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Quote from saliva:

So we couldn't get 2 consecutive down T-days, eh? Sez who, trannie king? :p
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I replied to that when he posted it last night that there are a few incidents of that going back as early as 4 weeks, and agin about 6 weeks ago. Not exacly rare. This market is screwed. Wishing for a bounce so I can get short as I confess ive played this drop quite poorly really....
 
the market is beautiful every day. emini speaking...ym is practice ....es is gold...nq is just right...start after market opens morning quit at market close......my rules for my eyes only..and volente......
 
Markets very oversold, looking for a rally into next week, possibly starting tomorrow. It could break the Nov S&P low; DOW has already broken that and closed at lowest since OCT 2002. Next to take hit will be Nasdaq but... I see rally ahead.

Well, I am not unbiased since I am loaded with longs- stocks and options. Need to get get out of some during next rally. Want to catch this forthcoming rally because I consider this low - today or tomorrow - it to be one of the best buying opportunities this year.

Against the trend but I do well when trading against it , especially at extremes.
 
If you haven't already seen Rick Santelli's earlier rant, here's the clip:

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Quote from porge:

the market is beautiful every day. emini speaking...ym is practice ....es is gold...nq is just right...start after market opens morning quit at market close......my rules for my eyes only..and volente......
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...and you're predictable. Yawn.
 
Quote from saliva:

I say, at some point tomorrow, we break below the November low (739). I wouldn't exactly rule out the possibility that we close below this number.
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I think I mentioned here that we had double breakout down side since yesterday.

We have not invalidate that breakdown formation at all.
The potential target was 760 area. We have not reached that yet.

Today, the H&S on 5min also points to 760s, not happened yet.

BUT, we had 2 days in a row of extreme selling based on tick index and the mkt has not moved much lower. A potential bottom is in the making.

I am not a bear, nor a bull. I trade what I see everyday :)
 
Quote from lurefo:

out BE and done for the day unless significant reversal.

Vol, still see 826? Bulls have been coward all day long.......
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It's a long shot now. Pek's 806 is still vert doable but the 80 spy put interest swole around 1.5 to 2 premium so the sellers don't lose unless we close below 780 -785.
 
Quote from saliva:

So we couldn't get 2 consecutive down T-days, eh? Sez who, trannie king? :p
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How did you like that T day spanking they gave both of your shorts old friend ?



In regards to a T day failure, it is a failure to me like on Tuesday when the index never got back to breakeven.


I posted this many years ago when asked about the details.


Quote from volente_00:

Stevegee, I just wanted to point out that in the bias rules that I posted, T days do not always close green, since that is what you are basing your data on, but the bias is for them to craw their way back positive from sell offs.






"Through the years, I came up with what I call T day theory.
All it really states is that if the indices are in the red on a T day, there is around a 80-85 % chance that sometime intraday they will get back to breakeven or slightly green."
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