ES Journal Archive (2011)

[Rickshaw Man]

Quote from riskymove:

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.

Note the weakness in banks stocks before QE2 they we headed back to there lows before QE2 was announced. He did it simply for the banks.

WellsFargo had gone from 34 to 23 dollars in 4 months from May 2010 to Sep 2010. Then banana ben arrived to save the banks.

 

[ammo]

Quote from ammo:

cover half 31.5

29.75 bid

 

[Rickshaw Man]

So what do we have here a 14 point ES range over the last 6 trading days.

Let me guess earnings will arrive, we will make new highs, the fed will end it's POMO operation, then the summer sets up for the ultimate short, just a thought.

 

[piezoe]

Quote from Rickshaw Man:

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

As far as trading goes, why does it matter?

 

[bigsnack]

Quote from piezoe:

As far as trading goes, why does it matter?

Exactly, I'll just keep trading my chart no matter which way it goes.

 

[Rickshaw Man]

Remember buy the close sell the open...the cash open. Stock index futures rise overnight 90% of the time. It's one of the easiest trades, that is of coarse if you go against everything the pros have told the armatures..that is to be flat at days end.

 

[Rickshaw Man]

Quote from piezoe:

As far as trading goes, why does it matter?

Because the indexes stay overbought for so long.

 

[atticus]

I entered my largest short of the year from 28.00 in other correlated product (no ES position currently). 20.00 first stop.

 

[volente_00]

remember this fella ?

Quote from emg:

I have my forecast S&P 500 bottom between 450 - 550 before spring 2011

 

[piezoe]

Quote from Rickshaw Man:

Because the indexes stay overbought for so long.

I thought you were a trader. I don't understand why the indexes staying overbought would concern a trader. That does not concern me from a trading standpoint. I just trade the market as it is. I don't expect the market, in the short run, to make sense, and I don't worry about it. I just trade it as it is.