ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Quote from trackstar:

Thank LC, Out of long at 12.75. Market has hit a WALL of resistance.

Someone is starting to build their short position here and/or major light up of their longs ...

R3 at 18 is target.

 

[trackstar]

"Thanks LC, Out of long at 12.75. Market has hit a WALL of resistance. "

edit: man i suck. should have been more patient. I get ancy being long this high in the air. LOL

 

[Spectre2007]

Quote from Lawrence Chan:

Someone is starting to build their short position here and/or major light up of their longs ...

R3 at 18 is target.

200 day MA zone upcoming....

 

[Spectre2007]

historically a nice zone to play off of..

 

[startraitor]

The bells are starting to toll.

 

[Anna K.]

Quote from Lawrence Chan:

Someone is starting to build their short position here and/or major light up of their longs ...

R3 at 18 is target.

LC, can you please elaborate what you are looking at for this analysis? thanks again!

 

[paul_alan]

Quote from paul_alan:

long 913 - no stop, will add again

Quote from pocketmoney:

you looking to swing it upto 1000 or so?

pretty much. I've got a fair but more powder to add more positions 'ammo' style. We aren't going to go down much. Market too bullish. Catch you tomorrow. Big football game here on tv in the UK.

 

[jason586]

Short 916

Out 915

 

[Lawrence Chan]

Quote from Anna K.:

LC, can you please elaborate what you are looking at for this analysis? thanks again!

It is related to the real-time depth changes and how the trades are done on a tick by tick basis at a particular price level.

e.g. In the face of a mini melt up, who would stick size offer in the middle of nowhere (as it seems) and as price keep trying to go higher, the depth keep "thicken". That would eventual consume all demand at the moment and induces a (mini) sell off, like what just happened.

 

[Anna K.]

Quote from Lawrence Chan:

It is related to the real-time depth changes and how the trades are done on a tick by tick basis at a particular price level.

e.g. In the face of a mini melt up, who would stick size offer in the middle of nowhere (as it seems) and as price keep trying to go higher, the depth keep "thicken". That would eventual consume all demand at the moment and induces a (mini) sell off, like what just happened.

thank you!

and can a mini sell off become an avalanche eventually?