ES Journal Archive (2011)

[Lucias]

Notice the market reversed on the jobs report. The high was 1327 (just under the sell zone). This 1322 level taken out will probably send us down a few points. I'm slightly worried about the reduced range when buying here. The next buy zone would be 1310. Buyers defending 1320 level.

When i mean reduced range, I mean that I know for example sell pressure is at 1327. So if I buy then I need enough room between 1327 and where I buy to get a decent target, if I feel I'm trading against the trend. i.e reactive

 

[emg]

plan on going long 1314.00

 

[Lucias]

Banks are weakest. I assume due to fears of default. Yeah I'm curious if the 1314 level will act as a magnet or as a polar opposite magnet. It looks like the 1319 is coming into play.. hope I can get filled.

 

[iloveoptions]

Quote from iloveoptions:

Another at 34

Out here at 1318.75 on the shorts from 1334 and 1330.25

 

[ammo]

dvol over uvol 15/1 very lopsided,don't know what ratio is unsustainable but thats very high, es chart supp below..edit..forgot to draw arrow pointing to tl representing 17-18

 

[Now is Now]

Quote from volente_00:

$300 margins at global ?

Right , but the account has to have 'minimum' to prevent a net liability to the broker. Once broached...the account will be liquidated...think it was generally around 2000...could be wrong...again!!

r10 in r100 period any results?

NiN

 

[hobber123]

Strange Vol. you were here from the start,
you know he trades with no targets.........

 

[iloveoptions]

Quote from ammo:

dvol over uvol 15/1 very lopsided,don't know what ratio is unsustainable but thats very high, es chart supp below

I have my doubts about this down move exceeding 1314 for the day. I also think the 7/1 low will be respected without a major violation.

 

[Lucias]

Market long here.

 

[ammo]

spx nip