ES Journal Archive (2009 - 2010)

trackstar · Jun 4, 2009

Quote from saliva:

Damn, I'm tempted to go short here at 936 but something tells me to wait. Decision, decision.

I just put sell stops on the book. Selling 35-33. Target still 910. Stop will be HOD.

Lawrence Chan · Jun 4, 2009

Quote from saliva:

I have no qualm with that. However, as with almost all reversals, there's always that last sucker rally that is instigated only to suck up the last vestige of unsuspecting boneheads (or what you call sheeples). Call it a crowd pleaser.

That's already done.

NQ is where the last sucker rally happened.

saliva · Jun 4, 2009

Taking a very small short at 35.50.

Will add to position should we climb higher as I initially thought.

trackstar · Jun 4, 2009

Wow, strange to see the bears being sneaky.

Lawrence Chan · Jun 4, 2009

ES price ladder is flooded with bullish bias, for 1 hr already.

Amazing.

saliva · Jun 4, 2009

Quote from Lawrence Chan:

That's already done.

NQ is where the last sucker rally happened.

Sorry, I don't follow NQ. But I have yet to seen it materialize on ES. The presence of the bulls is still indisputably strong in this market. That is, the bears are still cowards. However, the buying frenzy is definitely abating.

saliva · Jun 4, 2009

Quote from saliva:

Taking a very small short at 35.50.

Will add to position should we climb higher as I initially thought.

I changed my mind. Out at 36. Will wait until the gap is filled.

lurefo · Jun 4, 2009

Quote from lurefo:

I'm long 933, stp a couple ticks below LOD.

Rest out at 35.75. I don't like what I see, may go long again if it looks better.

trackstar · Jun 4, 2009

short 1/4 at 35.50

riskymove · Jun 4, 2009

If the dollar catches a bid - and I think it will soon as it is a very crowded trade - and oil consequently gets whacked that could be the catalyst for a larger move down. Along with a Baltic Dry index that for the first time in about 20 days fell yesterday - am also watching out for that.

To me, the ES doesn't look like it necessarily has to go meaningfully higher here on daily chart but the NQ does. Maybe that is too obvious but the daily seems to me like it wants to break higher maybe once more - though I have to think 1500 going to be major barrier - if for nothing else than psychological.