ES Journal Archive (2009 - 2010)

Lawrence Chan · Apr 14, 2009

Quote from Lawrence Chan:

Today is officially "Monday" as it was kids and government's holiday yesterday =)

It can sink as much as it wants now as Easter is finally over as of yesterday.

lurefo · Apr 14, 2009

Looking good for a sell off. NQ broke yesterdays low, ES is back under 42.5.

iloveoptions · Apr 14, 2009

Quote from iloveoptions:

Out at 848.75 on the last add.

Out of my short from 843.5 at 838.00. Continuing to hold a short from 814.25 and a 50% hedge.

iloveoptions · Apr 14, 2009

Quote from iloveoptions:

Out of my short from 843.5 at 838.00. Continuing to hold a short from 814.25 and a 50% hedge.

Increasing the hedge to 65% right here at 836.5 while maintaining the short from 814.25.

saliva · Apr 14, 2009

Quote from lurefo:

It looks like it is done. Pump & Dump Inc. ?

True indeed. Yesterday was a perfect example of bucketshop par excellence. I still can't get over GS preannouncement.

BTW everyone (you know who you are) thought we would hit 870, so it's safe to assume that we ain't getting it now. Down to 795-ish by the end of the week.

saliva · Apr 14, 2009

If you haven't already noticed, the current LOD at 836 is where the TL is. If we break that and close below 836, there will be a big selloff tomorrow.

[Proximo] · Apr 14, 2009

What time frame is that TL on?

Thanks.

Quote from saliva:

If you haven't already noticed, the current LOD at 836 is where the TL is. If we break that and close below 836, there will be a big selloff tomorrow.

saliva · Apr 14, 2009

Quote from [Proximo]:

What time frame is that TL on?

Thanks.

From 1-minute all the way up to the daily chart. This is the TL that spans back to 666. But NT being what it is, I think my TL is little off.

saliva · Apr 14, 2009

Quote from saliva:

On the daily, the wedge is showing up near 861. Tomorrow's upper wedge is near 863.

FYI my average price is slightly below 855.

Taking half off at 837.25

lurefo · Apr 14, 2009

Quote from saliva:

True indeed. Yesterday was a perfect example of bucketshop par excellence. I still can't get over GS preannouncement.

BTW everyone (you know who you are) thought we would hit 870, so it's safe to assume that we ain't getting it now. Down to 795-ish by the end of the week.

You got that right, the market couldn't get up to 872 and 861.25 looks like at least a multiday top. In any case I'm happy with what the market does. You know what they say, never marry a position or an opinion...

820 still possible before eod if the 840 zone shows enough resistance. Let's see how it develops.