ES Journal Archive (2009 - 2010)

[riskymove]

Quote from xty:

forgive my stupid question...........who is in charge of the auction?

I think the auction result can only go one way ..............good. yesterday was a mistake.

Neither yesterday nor tuesday's bond auctions were good but for now the market just doesn't care really.

 

[circadian]

Maybe we're seeing an exhaustion gap on the SPY. The 50% retracement level between pre-crash August 08 high and March 09 low is around 99.30ish on the SPYder. We're also at the upper boundary of the broadening formation.

Gapping up after a multi month rally on waning volume, to meet a confluence of resistance is an interesting prospect.

BTW, I know this is the ES journal, but the ES isn't showing the gap, hence my reason for posting a SPY pic.

 

[riskymove]

Serious movement in bonds now - all correlation set to 1.0????

 

[ivanbaj]

I am a pussy. Still waiting at 992.

 

[ivanbaj]

Why can't the algos come to 992?

 

[ASusilovic]

Quote from ivanbaj:

Why can't the algos come to 992?

Because I am selling.

 

[ASusilovic]

ES now 61 handles afar from daily SMA. Time for a strangle play.

 

[ivanbaj]

Shoot. I am getting to emotional and loosing it. I will have to pull out of this.

The problem is now I have to go up to 995 or down to 986.5

I mean short on both 995 pr 986.5. Long is wrong.

 

[ivanbaj]

I am short at 991.

 

[ASusilovic]

Quote from ASusilovic:

Because I am selling.

Here you go...