ES Journal Archive (2009 - 2010)

[vertigo3]

Quote from ammo:

thanks for the parable pek,i still havn't leaned to spot the dragon,where is the dragon thread?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=154290&perpage=6&pagenumber=7

 

[ammo]

forgot the chart, thanks paul

 

[Lawrence Chan]

Quote from volente_00:

Surprised that they let so many calls expire ITM as there was really no put interest around to prevent a fall. The question is when do we fill the gap at 825?

1. Obiously now after the fact those options are hold by MM. i.e. public has been net sellers of call option =)

2. Month end. And that will probably be the low of this drop too. I am not that good at exact price target ... my guess is that 820 area should be touched.

 

[volente_00]

Quote from Lawrence Chan:

1. Obiously now after the fact those options are hold by MM. i.e. public has been net sellers of call option =)

2. Month end. And that will probably be the low of this drop too. I am not that good at exact price target ... my guess is that 820 area should be touched.

Quote from volente_00:

847-849 ES

Now we see why they let the 85 calls get exercised.

 

[pocketmoney]

Quote from pocketmoney:

long 849.75

Cover here at 852.75 for plus 3

 

[Lawrence Chan]

Pek,

Instead of using the dragon, I simply look for 3 measured up move in ES and NQ and that lands on friday in the right area. =)

About the ADU posts - thanks.

I was trying to remind everyone at the time that the ADU timeline matched, and price levels too ... making it too much risk for top picking.

 

[kinggyppo]

My take is that the earnings cycle was buy the rumour sell the news. BAC blew out the quarter and is down 7%.

 

[ammo]

Quote from kinggyppo:

My take is that the earnings cycle was buy the rumour sell the news. BAC blew out the quarter and is down 7%.

and gs went to 136 on the news

 

[retire45]

Guys... I have scanned the news. Anything driving this drop? Did well on the overnight but would not gave imagined such an open...

 

[kinggyppo]

The news doesn't matter, the powers that be want to take it down ,the question is where to. 840, 820 etc. Welles Wilder said markets are perfect so that the mkt will go where it needs to. I will use this sell off to initiate some new longs.