ES Journal Archive (2009 - 2010)

[Eko_Trader]

48 very likely in the early days of next week given how we closed out this week...and also for the IHS.

 

[kinggyppo]

Quote from ASusilovic:

Quote from FirstDegree:

Goldman Sachs sold 600-700 contracts at 1094 and stopped the ES in its tracks.

The floor traders were looking at 84.50 as resistance, but since the market gapped higher, it turned into support.

One guy is looking at 97.75 to 98.25 as resistance.

http://www.youtube.com/watch?v=hskGK65nYLs


Seems, GS desk got it right again. As usual.

1063.25 next Fibo support...

I hope everyone who is following the thread understands that top step on youtube is talking about the pit traded spx contract, not the emini, this may confuse some new traders. each point is worth $250 or 5 x the emini. Danny Riley is a character.

http://www.cmegroup.com/trading/equity-index/us-index/sandp-500_contract_specifications.html

 

[gkramer]

Quote from gkramer:

LOD

 

[DarthSidious]

Quote from kinggyppo:I hope everyone who is following the thread understands that top step on youtube is talking about the pit traded spx contract, not the emini, this may confuse some new traders. each point is worth $250 or 5 x the emini

Yes, but the numbers are the same, and five emini is actually fungible for one pit contract

 

[Pekelo]

Quote from emg:

plan on going long 1066.75

Just for the record, that was good again for about 7-8 pts...

About the cash gap of 78.75. I didn't say it can not eventually fully close quite soon, but for yesterday, that morning's 80.5 was good enough and I was right, since we went up to 98 after that.

 

[estrader21]

Quote from schizo:

Check mate. Courting the bulls is a dangerous affair.

Aye matey, that be dangerous on a day like this.

I realize that this is after the fact, but we are still in a downward channel and my target is ~1100 on the Sep contract.

Btw, will an rss reader update me with new posts? Good discussion here.

 

[MarkRyan]

I see it short for swing traders

 

[ES.Dreamer]

Quote from Picaso:

Thanks Dreamer and thanks to Anek too.

Getting out was his call or yours?

He suggested the scale outs, just learning here, sorry to dissapoint.

ESD

 

[ES.Dreamer]

Quote from JSSPMK:

Right, so your 2% stop would be 72.785, which is 1.979 above March 2008 Lo.

So what you are saying is that you know what only few people on this planet may know. Don't get me wrong, I was looking for a bottom myself not so long ago, but it just keeps going through support levels. The FED said that they won't support USD until critical levels, which, ImPO, is at least March 2008 Lo

P.S. Also, you've commented on previous chart that was Monthly chart, you say it is not bearish, but bullish. So why would you only hold till end of next week. Surely, if a Monthly chart looks bullish there is more in the kitty, no?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2651714>

JSSPMK

We never did a followup on this discussion. Just to clarify, I'm a swing trader not daytrader or investor.

ESD

 

[Picaso]

Quote from ES.Dreamer:

He suggested the scale outs, just learning here, sorry to dissapoint.

ESD

You're not disappointing anyone

Just wanted to know if Anek was still long