ES Journal Archive (2009 - 2010)

[sttrader]

Don't fight the fed. Wall Street has gov't okay to take this up. Puts safer and a short up near 1018-25.

 

[Lawrence Chan]

R2 tag.

Rest of today can be very tricky.

Edit: For normal breakout day, 1009 area should be tested before going higher.

 

[ASusilovic]

Quote from Lawrence Chan:

Those interested to daytrade short today needs to be patient.

Best chance should present itself at around 12:30.

For now, we are dealing with year high breakout to the upside, many shorts from various timeframes are squeezed, hard to figure out if outside paper would step in at all to sell it back down.

You can call it "short capitulation".

 

[Decel]

Quote from Lawrence Chan:

R2 tag.

Rest of today can be very tricky.

Edit: For normal breakout day, 1009 area should be tested before going higher.

Isn't R2 @ 1015?

Edit: 2pt hammer on the 15m?

 

[Lawrence Chan]

Quote from ASusilovic:

You can call it "short capitulation".

I am careful here to not hurting people's feelings.

 

[Lawrence Chan]

Quote from Decel:

Isn't R2 @ 1015?

RTH only R2 is 1012.75 - 1013

Size players usually stick to RTH only version.

 

[ASusilovic]

And by the way :

http://www.marketwatch.com/investing/fund/spy/options

100 spy calls in the money !!!! LOL !!!! What a fu...ing joke !!! They had the highest open interest for weeks !!!!!

 

[adadadog]

Will this kind of FED trick create artificial bull market?

http://www.zerohedge.com/article/feds-ust-pomo-pyramid-scheme-exposed

 

[smilingsynic]

Quote from Lawrence Chan:

R2 tag.

Rest of today can be very tricky.

Edit: For normal breakout day, 1009 area should be tested before going higher.

If R2 fails, prev high is a logical target.

Back to work.

 

[Decel]

Quote from smilingsynic:If R2 fails, prev high is a logical target.

Back to work.

This is what I'm looking for...

1008..