ES Journal Archive (2009 - 2010)

[paul_alan]

Quote from paul_alan:

Feeling left out - trying a short here 694 - big stop

11 points profit at the mo on this

Hope these market conditions last a few months more. This position was against me a fair bit at one point, but i knew sellers would step in on any sort of rally. Its not a big position though, mainly because AMT was actually taking a few LONG scalps earlier which worried me a bit.

 

[W4rl0ck]

bear trap alert!

 

[smilingsynic]

Quote from Lawrence Chan:

NQ 1100 was the higher low level since the flush low made in Nov 08.

Once rejected, people fully expect the low at 1000-1020 area to be tested, thus no more commitment to the longside until then.

1018.44 was NDX low back in 2008.

A measured move (1286.89-1126.54= 160; 1184-160) puts the bottom at 1024.

1020 sounds 'bout right.

 

[smilingsynic]

Quote from riskaddict:

681.5 close enough for me long until friday no matter what will only add to position even if it goes to 600 still be far from wiped out.

If one is willing to roll into June...it is getting close to that time of the year again.

 

[manlycure]

Quote from manlycure:

I have 69.66 SPY low from my daily oscillator.

69.65 was LOD during RTH from 11:54AM to 11:57AM on SPY 1-min chart.

 

[volente_00]

751



681



779



679





http://finance.yahoo.com/q?s=SWVOP.X



Will be interesting to see how many new puts were wrote here.




65 next to swell, but still feel we get a short killing rally from 680 -690, so many bears have forgot about the gap at 826.

 

[kinggyppo]

Surprised no one mentioned the stealth decline in es, low 681.50.

 

[JSSPMK]

Quote from iloveoptions:

This is the fourth day in a row SPY closes near the low (based in TR and RTH). There has been only 2 other instances that the market accomplished this in the past 4 years!!

We are living different times

To me market still looks exceptionally weak & very close to collapsing (Daily chart), I have no idea what will happen at these levels, I am looking at shorting just below 685 or buying BO of 714.5

Quite solid upside trend over the night session

Sidenote: USD is at the upper TL of a rising channel on Daily

 

[Lawrence Chan]

Quote from JSSPMK:

We are living different times

To me market still looks exceptionally weak & very close to collapsing (Daily chart), I have no idea what will happen at these levels, I am looking at shorting just below 685 or buying BO of 714.5

Quite solid upside trend over the night session

Sidenote: USD is at the upper TL of a rising channel on Daily

Would only consider long if 714-716 acts as a support.

Maybe, if ES hit 630-50, just maybe, consider bottom fishing.

I need a reversal in USD strength as the leading indicator for a bottom in US stock mkt.

 

[JSSPMK]

Quote from Lawrence Chan:



I need a reversal in USD strength as the leading indicator for a bottom in US stock mkt.

Makes a lot of sense just by comparing the 2 charts. Please let us know when you consider a near top for USD, TY! Confluence