ES Journal Archive (2011)

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Quote from tortoise:

fwiw (possibly nothing), a metric I've spent a lot of time working on says Ma & Pa Kettle are liquidating and institutions are accumulating right now.

We'll see...
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Sounds plausible, but often accumulation happens over not only a long period of time, but also a relatively large range in price. For a day trader, it could be a monster short opportunity but a great accumulation opportunity for those with the money.
 
nice long B -- for me, I have yet to see real buyer strength so far... not selling off, but that's partly due to holidays I'd imagine, lots of in-laws in town everywhere ;)
 
Quote from JoshDance:

Sounds plausible, but often accumulation happens over not only a long period of time, but also a relatively large range in price. For a day trader, it could be a monster short opportunity but a great accumulation opportunity for those with the money.
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Yes. I was going to add that.

It's an intraday time frame however, so this dynamic should make itself felt today
 
85 is the stop target... if 85 is breached we could drop a lot lower. Often we will tag the stop and reverse or reverse all together. No trades for me yet.. I'd like to get short but having trouble finding an entry. The most bearish shorts are the ones that never pullback.. just a slow grind down.

95 level is I think the best short level but not sure we will trade back to it. Also weighing if they are driving this down just to get the holiday rally kicked off.. I don't think so though. I think this is something more.
 
Quote from Laissez Faire:

NQ made higher lows there when ES made new lows. Warning to shorts? YM weak though, but tagged 11500 now.

Potential reversal?
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trans new low by 2 pts also
 
Fuck me. I`ve gotten scared out of a few shorts this morning, although the market keeps saying it is going lower.

Now we`re at 85 which I pointed out earlier. So, I`m even more scared to short from here. :eek:

But, I do not see any long signal now either, so...

82 next stop probably.

Below that: 1170,75, 1162, 1151. :eek:
 
Quote from Laissez Faire:

Fuck me. I`ve gotten scared out of a few shorts this morning, although the market keeps saying it is going lower.

Now we`re at 85 which I pointed out earlier. So, I`m even more scared to short from here. :eek:

But, I do not see any long signal now either, so...

82 next stop probably.

Below that: 1170,75, 1162, 1151. :eek:
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Mark this day. Obama is, officially, done.
 
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