ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Effectively whole day so far is extreme downtick selling.

Until that reverse, it is hard to see why the mkt can go higher from here.

 

[tomahawk]

Quote from ASusilovic:

Means I am buying. Sort of mean reversion...

I'm with u ...

 

[ammo]

still flatlined, trend day all day so far,high percentage of it continuing

 

[ASusilovic]

Quote from Lawrence Chan:

I have VWAP as first target at 73.

But I am not that confident if ES can push through 50% at 75.

75 is a nut shell...

 

[tomahawk]

Quote from ammo:

still flatlined, trend day all day so far,high percentage of it continuing

Also NYSE Adv/Decl more lopsided than we've seen in ages ...
(from 1:33 pm):

 

[ajcrshr]

SPX on trend line from '07 highs

 

[ASusilovic]

Quote from Lawrence Chan:

Momo bots been selling whole day, not even one normal swing so far.

And Zerohedge is mocking about GS tradnig desk...

http://www.zerohedge.com/article/vohlewmm-vapors

Outsch !

 

[Lawrence Chan]

Someone better call GS to turn off their MM bots ... I see melt down if that does not stop soon enough.

 

[ASusilovic]

Bears simply selling at 5 min SMA's. So "easy"...

 

[Lawrence Chan]

Quote from ASusilovic:

Bears simply selling at 5 min SMA's. So "easy"...

Yes if unlimited position size is allowed.

Rule of the game dictates who will win.