ES Journal Archive (2011)

[riskymove]

Everyone getting long now, bearish sentiment at multi-year lows and the intraday put call ratio show some massive call buying. Does it end today? Who knows, but either everyone is going to be right, because the sentiment indicates say no one is bearish (aside from some ET'ers ) or the buggy whip is about to come and take all their money away!

 

[volente_00]

Quote from bighog:

all you guys are doing is guessing

bighog in my face, damn near er' day
saying i be guessing at dat es trade
Tell 'em i got a stop, if it don't work
see you at 17 if u long u gonna get hurt

 

[Laissez Faire]

Quote from Laissez Faire:

Let`s try this.

Short @ 1330. Stop @ 1332. 1327 is first target, but I should probably be looking for more.

Out @ 1332,50

 

[ammo]

Quote from ammo:

add 32.25

cover half 31.5

 

[bighog]

Find your "KEY" to the mkt, then it becomes a fun thing without the mystery you fought in the beginning.............

 

[pauk]

looking really good == ; setting up for a poweful rally tomorrow by the looks of it.

 

[Rickshaw Man]

Until these POMO liquidity pumps stop flowing shorting is not wise. I am just as sick of it as everyone else.

 

[riskymove]

The actual POMO doesn't matter as much as the anticipation of whether or not The Bernank can get away with QE3...when they think the QE game is over the 6 to 7BB POMO per day won't matter nearly as much.

 

[Rickshaw Man]

Quote from riskymove:

The actual POMO doesn't matter as much as the anticipation of whether or not The Bernank can get away with QE3...when they think the QE game is over the 6 to 7BB POMO per day won't matter nearly as much.

I can't wait for the central bank to get out of the market and stay out.

 

[riskymove]

Quote from Rickshaw Man:

I can't wait for the central bank to get out of the market and stay out.

Yep - you and basically everyone else except those that work on or are directly affiliated with Wall Street feel the same at this point. BB is catering to one small section of the country where the power is concentrated - but even then, I am amazed it has gone on this long.