ES Journal Archive (2011)

emg · Jul 28, 2011

Good Morning Traders!

iloveoptions · Jul 28, 2011

Quote from iloveoptions:

Added 1303.75 for the 1st add.

Edit: The size of this add is 2X the initial position.
BE at 1313

Ok, looking to increase my position size with 7 more additional adds at 1285.75. That would equal 40% of my full position. Asking 1313 on the add I initiated yesterday, while keeping the remaining initial position on targeting 1340.

jackson222 · Jul 28, 2011

good morning emg!

JSHINV · Jul 28, 2011

Quote from aquarian1:

Thanks.

I think we may have an up day tomorrow and the reactions to the jobless claims will be positive.

Time for bed!

Good call.

aquarian1 · Jul 28, 2011

Quote from klinckphilip:

Nice call on the jobless claims. Now we see if the market even cares about that.

Thanks.

I seem to recall in years gone by that the US govt ran out of money before. it didn't seem like a big deal they closed gov't for 30 days of so and people couldn't get their cheques and then they got the debt increase and back to same old.

Is the difference this time that Rep congress is digging in its heels for cuts in spending and that due to financial troubles of the PIIGS that this time they will cut the rating?

Or do they wait a few weeks after August 2 to cut it?

emg · Jul 28, 2011

plan on going short 1313.00

Now is Now · Jul 28, 2011

Quote from aquarian1:

Thanks.

I seem to recall in years gone by that the US govt ran out of money before. it didn't seem like a big deal they closed gov't for 30 days of so and people couldn't get their cheques and then they got the debt increase and back to same old.

Is the difference this time that Rep congress is digging in its heels for cuts in spending and that due to financial troubles of the PIIGS that this time they will cut the rating?

Or do they wait a few weeks after August 2 to cut it?

Doesn't really matter much...just trade today..keep sharp.....and run with a comfortable stop...

These clowns and the press can pull all sorts of stunts and you cannot afford to be on the wrong side of it.

NiN

volente_00 · Jul 28, 2011

DEMTDAYBOYZLOVEGREEN

jackson222 · Jul 28, 2011

napalm the shorts!

JSHINV · Jul 28, 2011

Quote from aquarian1:

Thanks.

I seem to recall in years gone by that the US govt ran out of money before. it didn't seem like a big deal they closed gov't for 30 days of so and people couldn't get their cheques and then they got the debt increase and back to same old.

Is the difference this time that Rep congress is digging in its heels for cuts in spending and that due to financial troubles of the PIIGS that this time they will cut the rating?

Or do they wait a few weeks after August 2 to cut it?

And it is disclosed even a better call as time passes. You nailed it.