ES Journal Archive (2009 - 2010)

[paul_alan]

im staying short until that atm guy flips long.

 

[veggen]

Quote from paul_alan:

im staying short until that atm guy flips long.

which ATM guy?

 

[paul_alan]

atmsw4 or someting like that. Strange screename, but he's the best trader on ET from what ive seen.

 

[Brendan R]

sure Bernanke is the kind of ATM like guy, he wants to distribute cash to everyone, looking for buddies I guess

 

[veggen]

Quote from paul_alan:

atmsw4 or someting like that. Strange screename, but he's the best trader on ET from what ive seen.

Ohh I c. Does he have his own blog?

Any experienced traders here, I have a question I was hoping you could answer.
- If you look at NQ now, it is hovering around fridays low. If institutions or locals wanted to reverse this thing to the upside, would they not normally first break through friday low, trapping bears and than push it up? Instead of reversing right at the tick of fridays low?

 

[JSSPMK]

Paul, so what happens if he decides not to let you know of his cover?

 

[Pekelo]

Quote from paul_alan:

im staying short until that atm guy flips long.

So you missed this 30 pts runup?

 

[porge]

43

 

[manlycure]

150 pts drop on the dow since the open by 11AM qualifies a SDD pattern day?

 

[swing-scalper]

Quote from veggen:

Ohh I c. Does he have his own blog?

Any experienced traders here, I have a question I was hoping you could answer.
- If you look at NQ now, it is hovering around fridays low. If institutions or locals wanted to reverse this thing to the upside, would they not normally first break through friday low, trapping bears and than push it up? Instead of reversing right at the tick of fridays low?

Those trapped are bulls, not bears. Of course these will change until the trend changes. At this stage of the game, the trend is still down. Bulls must first clear and stay above 780 to have any meaningful bounce. Then you will also have 840 key resistance needed to clear.