ES Journal Archive (2009 - 2010)

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I am planning on buying on the the dips at spx 1202 and add more at spx 1192, if comes to there. Bad news = market up, to show that "everything is ok".
 
hold 1201 and we go back to 1206-1207


there is a H&S on 10 min and bigger chart with shoulders coming at 06-07 neck 01 ish

completion of pattern would project 1192 es
 
Only in China, on the first day of index futures trading....


China’s stocks dropped even as futures contracts advanced. The contract expiring in May rose to 3,443.6, the most active among the four. The June contract gained to 3,480, the September contract climbed to 3,547.6 and the December contract advanced to 3,585.2.

“The gains in futures contracts have largely something to do with speculative money chasing new things and unaccountable fundamentally,” said Jiang Lin, an analyst at Citic Newedge Futures Co. in Shanghai. “We expect weakness on the CSI 300 in coming months. The futures contracts will probably fall from their opening at the end of the day.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8_WO_lKrjv4&pos=7
 
Quote from startraitor:

Only in China, on the first day of index futures trading....


China’s stocks dropped even as futures contracts advanced. The contract expiring in May rose to 3,443.6, the most active among the four. The June contract gained to 3,480, the September contract climbed to 3,547.6 and the December contract advanced to 3,585.2.

“The gains in futures contracts have largely something to do with speculative money chasing new things and unaccountable fundamentally,” said Jiang Lin, an analyst at Citic Newedge Futures Co. in Shanghai. “We expect weakness on the CSI 300 in coming months. The futures contracts will probably fall from their opening at the end of the day.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8_WO_lKrjv4&pos=7
there must be some hired guns they brought in to show them how to trade these that must have loaded up 3 boats on that spread
 
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