ES Journal Archive (2009 - 2010)

volente_00 · Mar 13, 2009

Quote from ASusilovic:

Invest 15k contracts in the Globex session and you reach a nice "chart picture". IsnÂ´t much of an investment for a some big players. 15k = lousy figure. But if NYSE bell rings, you have a decent "book profit" with the 50k contracts you invested the days before.

What about the limits ?

I think it is 20k on spoos so 100k on es ?

volente_00 · Mar 13, 2009

Quote from volente_00:

on the first up day, the smart money is buying

on the second up day the semi smart money is buying more

on the third day of the move, the dumb money is puking their short positions and buying late to the party as the smart money starts lightening up into this covering.

On the fourth day, the dumb money will be forced to puke their longs on the orchestrated down move from the smart money.

ASusilovic · Mar 13, 2009

Quote from volente_00:

What about the limits ?

I think it is 20k on spoos so 100k on es ?

ItÂ´s so easy to "circumvent" these limits !

Chuck Krug · Mar 13, 2009

I think we need a double bottom, if we are going to have any chance of a sustained strong rally

Lawrence Chan · Mar 13, 2009

Quote from Chuck Krug:

I think we need a double bottom, if we are going to have any chance of a sustained strong rally

It is a double bottom already based on NQ.

Lawrence Chan · Mar 13, 2009

Let's see if 100 pt move from year low can stop this run up for a while.

666 + 100 = 766.

Or, maybe, 777?

riskaddict · Mar 13, 2009

no doubt about 777 but will we see it at 10:30 or 3:30?

iloveoptions · Mar 13, 2009

Quote from iloveoptions:

Adding a shorty at 745.25 twice the previous size. Ouch! My A#$ is starting to hurt.

Added one more shorty equal size of the previous one in the overnight session at 760.75. Sorry about the delay as I wasn't around to post till just now. BE is at 742.25 on the futures.

volente_00 · Mar 13, 2009

Quote from riskaddict:

no doubt about 777 but will we see it at 10:30 or 3:30?

More like 736 and then 714

ammo · Mar 13, 2009

12/08 and 2/2 on a weekly,connect lows, tl is around 770-774 for res, tops on last 3 days, res is 763