ES Journal Archive (2009 - 2010)

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Quote from coolweb:

Theres no explanation of who killed who,<b>
money is anonymous.
</b>
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cw - I think in terms of the intraday market moving on stops... so bears and bulls are the current short term *holders* and I pay attention to where they got in.

All - I think we stay rangy the rest of the day.. with a possible spurt down to 86 or 83.

Good weekend to all. Next week is going to be MOST interesting!


:eek:
 
This is why sometimes cheap options can still save your a$$ if you want to hold for a few days. I bought the SPY put options when ES was at 1202. ES then went to over 1210, and if I had just instead sold ES, I would have been hit with a big loss. Instead Goldman came in to save the day.

I think we get a little follow through to the downside on Monday, then later that day, I believe we will get a bounce, but I will be trading Monday based on my setups.
 
Quote from kinggyppo:

may get down to 1160 on spx if this has legs hard to tell, haven't seen the memo yet. :)
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Here is monthly chart of spy, have put this chart up a few times, boxed area is the basically the crash. The market retraced all the way to 116.00 or 1160 with no real pullback. This would be a possible area for a short term correction. Good trading.
 

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Quote from oraclewizard77:

I think we get a little follow through to the downside on Monday, then later that day, I believe we will get a bounce, but I will be trading Monday based on my setups.
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imagine if the gs story came out before 2008, today YM closed -1.02%
 
just logged in.. my shorts at the close on Friday paid out!
ES 5 point gap down was beautiful..

people always talk about waiting for the perfect setup and finding an edge, well 4:10pm est on Friday was it.
 
Quote from tomahawk:

Interesting ... YM spiked down to DB with and bounce off of Friday's low already ... ES not matching.
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that move "fixed" the spread between those two, YM had outperformed on friday.
 
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