ES Journal Archive (2011)

[tycoonman]

you guys think govnmt shutdown and earnings are going to result in market going up substantially on monday?

 

[Lawrence Chan]

Quote from volente_00:

Notice how the algos went crazy when cash went -10. Technically I was wrong because my black box said 17. Next week will bring good some good moves with OE

They wanted 1300 bad, will see if they are going to bring it down there for a few days to generate some put interest =)

Have a nice weekend.

 

[Rickshaw Man]

Quote from tycoonman:

you guys think govnmt shutdown and earnings are going to result in market going up substantially on monday?

I think we get the usual gap up on Monday in the cash market. The index futures will do there usual float higher early Monday morning.

Lift the offers, tap with 1 lot..... up up up and away....it's truly amazing to watch. The more you watch the wee hour morning action in index futures the more you realize it's all mechanical.

 

[bigsnack]

Quote from tycoonman:

you guys think govnmt shutdown and earnings are going to result in market going up substantially on monday?

I think if we stay below 28's on Monday we will push lower to at least 15.50's or so. If we get up above 28's I'll be looking for longs only, anticipating new highs.

 

[MarketOwl]

Quote from Rickshaw Man:

I think we get the usual gap up on Monday in the cash market. The index futures will do there usual float higher early Monday morning.

Lift the offers, tap with 1 lot..... up up up and away....it's truly amazing to watch. The more you watch the wee hour morning action in index futures the more you realize it's all mechanical.

I am getting a gap down signal on my system. I haven't gotten one in quite some time. If we gap down to 1315-1316 area, it is a buying opportunity. Don't hold your breath expecting a gap up even with a government deal.

 

[tycoonman]

Quote from MarketOwl:

I am getting a gap down signal on my system. I haven't gotten one in quite some time. If we gap down to 1315-1316 area, it is a buying opportunity. Don't hold your breath expecting a gap up even with a government deal.

gonna hedge with CL

 

[eudaemon]

And all these oldtimers showing up yesterday and today ... Is a coincidence... Right?.

How are you doing icfedpeople?. Make sure you buy some more on Monday. LOL.

 

[logic_man]

Quote from tycoonman:

lets just im glad i was trading CL also. LOL

did not expect such a dump. my calculation had a 73.4% confidence level that it would not hit 21.00 WRONG!

When you're dealing with probabilities, even if they are high, they are still just probabilities. Assuming you have something capable of 73.4% accuracy, that still means you're going to be wrong 26.6 times out of a hundred.

Today was just 1 of those 26.6 times.

 

[volente_00]

Quote from Lawrence Chan:

They wanted 1300 bad, will see if they are going to bring it down there for a few days to generate some put interest =)

Have a nice weekend.

http://finance.yahoo.com/q?s=SPY110416P00130000



big magnet but i'm not so sure we get there next week.

 

[Laissez Faire]

I`m surprised to see that people were surprised by this little sell-off, especially since many here have been calling for 1320, 1317 and 1315 throughout the week.

The market`s been trying to go lower all week, pretty much rising in ETH and selling off in RTH.

In trading one should expect the unexpected, although this one was to be expected

I would be surprised if we don`t print 1315 next week and perhaps even lower.

Not saying we won`t go higher, but it seems like the market has some unfinished business to the downside. If so, it should be a nice bargain for the longs when we get there