ES Journal Archive (2009 - 2010)

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Bots cannot keep buying and accumulating the whole day.

Bag holders must take the inventory from them.

2 ways for that to happen - melt up now and force day traders to cover shorts, or, unload to VWAP and 50% of day to induce buying.
 
Quote from ammo:

would love to see a pullback to 95 by 1:30,mp is setup to allow it
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Alright old man, here's ure 1:30 drop. My broken crystal ball thinks we might register a mirror-image for the day. Let's hope it is right this time. :)
 
Quote from Decel:

Changed the bid to 1376. Still think we're headed down but the pace feels like it wants to rip higher once 2pm comes.
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The bid hit, alleviating me from 1 NQ contract.
 
Quote from Lawrence Chan:

Bots cannot keep buying and accumulating the whole day.

Bag holders must take the inventory from them.

2 ways for that to happen - melt up now and force day traders to cover shorts, or, unload to VWAP and 50% of day to induce buying.
More...
I've always been curious as to how you can tell it's the algo and not the Dick or Jane next door.
 
Quote from saliva:

Alright old man, here's ure 1:30 drop. My broken crystal ball thinks we might register a mirror-image for the day. Let's hope it is right this time. :)
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Mirror image? Your crystal ball pointing up or down? :p
 
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