ES Journal Archive (2009 - 2010)

[saliva]

I see a small trading range until about 2 and then a "step down" as Pek would call it or what I prefer to call a "measured move". As far as the target is concerned, do your own damn number-crunching.

 

[ammo]

specialists on the nyse will cover a part of there position before lunch on a trendday ,up or down,and resume the trend in the afternoon, on a down day this would be termed the noon ballon,todays noon ballon was a very small rally,it either got sold into, or they are pretty confident that their positions are safe,either way , i doubt the 884 area will hold this afternoon

 

[Spooz Top]

Quote from saliva:

First of all, I don't see aggressive buying on the dip as we used to. Second, ES failed to pierce above 940, the significance of which that didn't exactly escaped my attention as well as for you I'm sure. Third, we are down for three consecutive days and today happens to be the largest day, which indicates that selling momentum is finally picking up.

sounds good..............i like the IVB`s as a price break confirming indicator & did`nt see it until this morning for some reason.
i`m still looking for PA to pierce that zone some how ,some way.
option expiry has funny ways of keeping a bullish undertone.....we shall see.

 

[saliva]

Quote from Spooz Top:

sounds good..............i like the IVB`s as a price break confirming indicator & did`nt see it until this morning for some reason.
i`m still looking for PA to pierce that zone some how ,some way.
option expiry has funny ways of keeping a bullish undertone.....we shall see.

Sorry for my ignorance, but what is IVB?

Also, I ain't too big on opex, but I'm quite certain this opex will not turn out the way we're normally taught--which is bullish by nature. BTW why is that? Why is opex, for the most part, bullish?

 

[saliva]

Quote from saliva:

I see a small trading range until about 2 and then a "step down" as Pek would call it or what I prefer to call a "measured move". As far as the target is concerned, do your own damn number-crunching.

Let me eat my word. Long 85.50

SL 84

 

[ammo]

long 85.25 ,affer 86.75, dow ,trans, oex not reapproaching there lows on this dip,tight stop

 

[tom_shah]

10k contracts at 883.50 level. any significance?

 

[Lawrence Chan]

2 gaps - one above, one below.

 

[carson]

Long 884.25 - 875 stop

 

[Pekelo]

Quote from Pekelo:

I'll tell you what, let's make it interesting! I will put you down here at 904 long with 100 pts SL and myself 904 short with also 100 pts SL. Both of us can get out anytime. This is a longer term position trade and both of us can switch directions if we think so.

Getting out at 884 with 20 points gains. I just wanted to prove a point, the stupidity of "take longs only" advice above 900.....