ES Journal Archive (2009 - 2010)

[petty1978]

I will keep saying this: the ES is carrying a heavy weight higher and higher and will stall out. 1032.50 is dead weight and we need a reversion to deal with this so the rally can continue. I'm not screaming crash, I happen to think we have plenty of upside still.

But before we see 1240 [this is another post for another day] we need to see 1032.50.

IF the ES climbs to 1110 it will stall out with a possible exhaustion move up to 1126. 1110 may be a spot it reverses on a dime but that may be a fake out to 1126. But 1126 is a ceiling.

If you are positioning for the next major move [meaning the one that will happen fast and by surprise] it is 1032.50 and you are going to have plenty of spots to start taking short-positions for a minimum move down of 60 points from where today closes at 16:15 pm est.

 

[petty1978]

Quote from kinggyppo:

on a 60 minute spy chart there is a gap below and above the gap above is at
111.69 with low being 109.89. The gap below is from the overnight obviously.
Here is something for you to chew on petty.

http://www.masterthegap.com/public/Gap_Zone_Map.cfm

Thanks kinggyppo! I love to absorb good information...

 

[oraclewizard77]

I plan to add 1 more short put position if we do go another 20 points higher. I am very happy that oil is 4 points higher so you can guess what type of stocks I am long.

Quote from petty1978:

I will keep saying this: the ES is carrying a heavy weight higher and higher and will stall out. 1032.50 is dead weight and we need a reversion to deal with this so the rally can continue. I'm not screaming crash, I happen to think we have plenty of upside still.

But before we see 1240 [this is another post for another day] we need to see 1032.50.

IF the ES climbs to 1110 it will stall out with a possible exhaustion move up to 1126. 1110 may be a spot it reverses on a dime but that may be a fake out to 1126. But 1126 is a ceiling.

If you are positioning for the next major move [meaning the one that will happen fast and by surprise] it is 1032.50 and you are going to have plenty of spots to start taking short-positions for a minimum move down of 60 points from where today closes at 16:15 pm est.

 

[ammo]

tommorrows headlines "Martians contact NASA,agree to buy Portugal,Italy,Ireland,Greece and Spain for 30 trillion,GS said to broker the deal, market rallies on credit crisis relief.' Gs creates cds on martian currency

 

[petty1978]

Quote from ammo:

dunno, if the shorts cant collect here, hasnt pulled back for hours,they'll squeeeze em for that 99-1100 ...edit 90 minutes anyway

good call ammo

 

[schizo]

Quote from schizo:

So what do you have for tomorrow's target? 1100 by chance? I would be feeling damn rich if that were to happen.

Geezus, don't tell me this really happened. Well, looking to ride this wave up to 1130.

 

[petty1978]

Quote from oraclewizard77:

I plan to add 1 more short put position if we do go another 20 points higher. I am very happy that oil is 4 points higher so you can guess what type of stocks I am long.

Oil is heading to $80. May be enough to get the ES to 1126 before a HUGE decline.

 

[wave]

05-27-10 10:30 AM

another 17 to go.


another 6 to go...

 

[petty1978]

The candles circled are very bullish when certain logic is applied to them...this is a very stealthy technique that I will share with this forum if appropriate...It is QM/CL based trading model so maybe it isn't appropriate other than cross contract correlation/undercurrent type analysis...let me know.

 

[Now is Now]

Quote from emg:

error, 1100.50 short

Whatever you are drinking EMG...get a patent

Are you still in this trade?

NiN