ES Journal Archive (2009 - 2010)

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Quote from bvam1:

What's the purpose of that?
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There's no purpose or conspiracy. Just supply overwhelming demand at the moment. Market participants are upbeat about the economy, so there's no reason to sell heavy and move big at least not yet. But then again, my sources are telling me the house (MM) is punishing retail for being "greedy" and actively buying expensive options a few weeks ago in anticipation of market moving news events that have yet to materialize. We still have a week to go and anything is possible but...

In response to a poster in this journal a month ago, I have said that we will not see a 100 point flush from any peak for a few months let alone 200 points. One of those months came and went. One to two more to go. :)
 
Quote from lurefo:

Appreciate your input, Ilo. I'm afraid you might just be right.
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It´s the famous Goldman Sachs volatility trade. From June 2007- Oct 2007 they made 1.5 billion that way. Slowing down vola a bit makes them huge profits for Q2, coupled with fixed income spread trading : et voila !
 
Quote from trackstar:

stopped out of long a while ago. Starting to ancy about pulling the trigger short. I want to short now but something still doesnt feel right. Bears are not strong enough to take it down yet.

Needs to break now
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Just like yesterday, every dip you see buyers.
 
Quote from iloveoptions:

In response to a poster in this journal a month ago, I have said that we will not see a 100 point flush from any peak for a few months let alone 200 points. One of those months came and went. One to two more to go. :)
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Even an old fart like me can make blunders. Truth be told, quite a lot of them in the last 3 months. But, seriously, did anyone really think that we could come this far THIS FAST? I wish I had. I would be filthy rich SOB by now. :)
 
Quote from iloveoptions:

There's no purpose or conspiracy. Just supply overwhelming demand at the moment. Market participants are upbeat about the economy, so there's no reason to sell heavy and move big at least not yet. But then again, my sources are telling me the house (MM) is punishing retail for being "greedy" and actively buying expensive options a few weeks ago in anticipation of market moving news events that have yet to materialize. We still have a week to go and anything is possible but...

In response to a poster in this journal a month ago, I have said that we will not see a 100 point flush from any peak for a few months let alone 200 points. One of those months came and went. One to two more to go. :)
More...


Notice how they always close it very near 43. Yet, intra day swings wildly up and down. They're taking out stops all over the place. They know people would be trading at this key level and they will take advantage of it.

We need a real catalyst for this market to break current trading channel. Somehow, the buy on dips mentality has to be broken before we head lower.
 
Quote from saliva:

Even an old fart like me can make blunders. Truth be told, quite a lot of them in the last 3 months. But, seriously, did anyone really think that we could come this far THIS FAST? I wish I had. I would be filthy rich SOB by now. :)
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Don't be too hard on yourself man. We all make those "blunders". No individual or entity is more perfect other than market itself. If we're seeking perfection in this business, we're in the wrong business. This melody should ease your pain. Peace.

http://www.youtube.com/watch?v=4bUddyAQ11s
 
Quote from saliva:

In this slowass market, ya wouldn't even be able to scalp.
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Hard to scalp now. I tried doing to that. Kept getting chopped to death. Good market to swing trade. But then again, i suck at scalping.
 
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