ES Journal Archive (2009 - 2010)

[Bigpipn]

Taking 1/2 position of short dollar basket for ~1400 pips.

 

[Lawrence Chan]

Big,

Nice trade!

Both EUR and JPY are within 100 pips of their support/resistance levels ... what's your take?

 

[JSSPMK]

Quote from romik:

Dollar is finished

Whoa! Massive call!

 

[JSSPMK]

Quote from wmb:

omg! why the frick is this going up!

Wrong question, the right question is when?

 

[iloveoptions]

Good chance we go to 808-816 with today's strong close and then reverse lower tomorrow.

 

[wmb]

i'm too new i guess!

 

[trackstar]

Quote from JSSPMK:

Whoa! Massive call!

To say the least....romik....that was cleannn

 

[stoneface]

Quote from Nagelis:

That's relative. All other currencies are finished too.

Then buy gold, but gold is the most crowded trade and we saw the support line break today, gold is 20 bucks lower today ... a washout of stale longs is about to happen...

Big surprise for Gold shorts today... no one willing to sell under 890.

Very bullish day for Gold. On to break the mystical 1000 now?

 

[volente_00]

Quote from volente_00:

There is some jacked up option interest going on right now,


736


then 714 -720


but then we could print 790-800 after that all in the next 2 weeks.

Or maybe vice versa

 

[W4rl0ck]

This is interesting-

SPY chart from Oct. 2002. Looks like a similar spot in the EW count. Once the price broke above the 50% retracement and the 50 sma it didn't come back below the 50 again for months.

Looks like two truncated 5th waves. And it bottoms about the same level in Oct 02.

Many people predicting a big drop from here. If it's similar to 2002 and can get above the 50 sma the SPY might not turn around until the 90's.

(too late at nite to post a chart )