ES Journal Archive (2009 - 2010)

[xty]

Quote from Lawrence Chan:

ES price zone is harder to figure out for the longer term.

For NDX, it is obvious that it will be bought back down to 1550 area soon, likely in a grind sell kind of price action to get there.

LC, what do u mean by bought back to 1550..........?

thanks

 

[Decel]

Quote from Lawrence Chan:ES price zone is harder to figure out for the longer term.

For NDX, it is obvious that it will be bought back down to 1550 area soon, likely in a grind sell kind of price action to get there.

Can you define grind sell? As in choppy?

 

[ammo]

look at dxy monthly, then 15 min

 

[ammo]

15

 

[vmaxer]

Quote from Lawrence Chan:



The imbalance in the # of index future contracts traded vs. the underlying gave them out.

How do you see this? I don't get how one compares the futures volume to the underlying.

 

[Michael.jstocks]

Quote from Michael.jstocks:

Nice drop from the highs there for a long im thinking.
Long here at 1054.25

Think ill take my money as we make new highs at a guess.

 

[ASusilovic]

Quote from Lawrence Chan:

Short.

Buy programs to push underlying prices up. And lock in at breakeven or better with futures.

And piggy back their real shorts through futures, options, etc.

The imbalance in the # of index future contracts traded vs. the underlying gave them out.

http://www.marketwatch.com/investing/fund/xlf

Tells you all you need to know...I wouldn't short this stuff today. Too much momentum...

 

[vmaxer]

Quote from ASusilovic:

http://www.marketwatch.com/investing/fund/xlf

Tells you all you need to know...I wouldn't short this stuff today. Too much momentum...

the grail trade looks good. I just wish I had been more patient with my ES trades. SPY puts up from 2.80 to 3.15 so far. Problem was I didn't wait for the lower trough. When that happened I would have shorted ES at 54.

 

[Lawrence Chan]

Quote from xty:

LC, what do u mean by bought back to 1550..........?

thanks

Daily and weekly bars do not zoom into new territories without overlapping actions.

NDX will have to go back down to somewhere below 1600 soon.

 

[Lawrence Chan]

Quote from Decel:

Can you define grind sell? As in choppy?

Not choppy.

Simply drop little by little every few days. Stuck there. Repeat.

No pullback, no direction.