ES Journal Archive (2009 - 2010)

[lurefo]

Quote from Decel:

Still betting long. I hope we can scrape the 900 area before further drops.

As long as we don't violate today's low, it is very likely that this bounce off the low trendline daily channel & the major support at 72.75 will continue. Target 890. Otherwise, next stop is 848.

Good trading all.

 

[trackstar]

882 is going to be a bitch but once that area is taken I would love to get a long from there to 890.

 

[jason586]

Quote from jason586:

Short 870.50

Add 878.00

Out 1 @ 874.75

Add again 879.00

 

[Ramp]

Small short NQ 1414, Stop 1430

 

[ASusilovic]

Quote from JSSPMK:

LC, you probably seen that already, Weekly VIX, histogram pattern points to VIX heading upwards. Tell me that stock markets will be heading much lower please

P.S. USD index put in a higher low on the Weekly & 50 X 200 average

http://www.cboe.com/data/PutCallRatio.aspx

CBOE Volatility Index® (VIX ®) Volume and Put/Call Ratios (2-24-2006 to present)

Date VIX Put/Call Ratio VIX Put Volume VIX Call Volume Total VIX Options Volume


07/02/2009 0.27 27568 103950 131518
07/06/2009 0.38 31646 82944 114590
07/07/2009 0.41 69764 169080 238844
07/08/2009 0.35 38880 111341 150221

 

[Chuck Krug]

Quote from Chuck Krug:

/buys es sep 925 calls 21.25 avg

/sells +1.75

 

[tomahawk]

A re-test of 75.00 would set up a nice potential IHS on the hourly (multi-day).

 

[MandelbrotSet]

Quote from tomahawk:

A re-test of 75.00 would set up a nice potential IHS on the hourly (multi-day).

Agreed.

Price is currently running up against R1 as its first test. The easy trade would be a drop to the Pivot @ '75 and then a bounce back up to the '95-'100 area.

It should help that the unemployment numbers (jobless claims) are better (less negative), but as we all know, we'll have to see what happens at the Open.

Good trading

 

[Lawrence Chan]

Quote from JSSPMK:

LC, you probably seen that already, Weekly VIX, histogram pattern points to VIX heading upwards. Tell me that stock markets will be heading much lower please

P.S. USD index put in a higher low on the Weekly & 50 X 200 average

VIX is running up, but it does not go in a straight line normally.

I do expect temp bottom either tues or wed, then sideway or up for a week or so before further downside.

 

[MandelbrotSet]

L @ 881.75
Stop @ 877.75

We're prety bullish here out the gate (as we were yesterday, btw), I'll see how this works out (willing to pull the plug if the market starts to reverse).