ES Journal Archive (2009 - 2010)

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Quote from volente_00:

lots of spy puts itm, but could move to 105

little call interest til 112-113

I wasn't talking about the open interest levels, but the intraday ratios found here: http://www.cboe.com/data/IntraDayVol.aspx

It is very odd to have that type of downmove where we break a huge level on big volume but the VIX doens't do much and the put call ratios are fairly low.
 
Its ridiculous. I can't believe this thing is melting down after hours.

I'm sitting on 4 lots just wondering wtf. I am out at 75 if it gets there, which looks inevitable.

The whole situation makes me wonder if there is something big happening that isn't yet announced. LIke maybe a sovereign default or major downgrade.
 
Welcome to pre March 6th 2009.


Quote from bridenour:

Its ridiculous. I can't believe this thing is melting down after hours.

I'm sitting on 4 lots just wondering wtf. I am out at 75 if it gets there, which looks inevitable.

The whole situation makes me wonder if there is something big happening that isn't yet announced. LIke maybe a sovereign default or major downgrade.
 
Quote from riskymove:



It is very odd to have that type of downmove where we break a huge level on big volume but the VIX doens't do much and the put call ratios are fairly low.
[/B]
Hi risky, how's it going? As we have discussed several times over the past year, issues and pressures not readily traceable have skewered conventional reads of this market. As the old saying goes "follow the money"....it doesn't work like it used to because so much has been hidden from view. This is the result of fewer players with almost unlimited resources and "authority". I will say that it has made for some interesting trading, :) . Good trading to all.
 
I hear you.


Here's the thing, the fact that they are dumping the market after hours makes me suspect that they're setting it up for a decent rally tomorrow. I hate to sell and miss that.


I watched all week as they ran it up overnight only to sell it off in the morning. Its almost comical.

I went to bed last night with 8 lots short deep in the red only to wake up well in the green. Mind you i didn't sleep, but i suspected funny business and well enough it turned out to be.


But, i felt a lot more comfortable holding on the short side than long. I doubt i will hold anything long overnight for fear of a complete f'ing meltdown.
 
Quote from bridenour:

Its ridiculous. I can't believe this thing is melting down after hours.

I'm sitting on 4 lots just wondering wtf. I am out at 75 if it gets there, which looks inevitable.

The whole situation makes me wonder if there is something big happening that isn't yet announced. LIke maybe a sovereign default or major downgrade.
risky nailed it at the top of page 12975 http://www.elitetrader.com/vb/showthread.php?s=&threadid=64965&perpage=6&pagenumber=12975
 
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