ES Journal Archive (2011)

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Quote from Lawrence Chan:

There are many kinds of bots.

Your assumption on the arb bots is correct but they are a very tiny bunch in the stock mkt nowadays.

Market making bots works like the size players you are thinking of and they dominate the tape in normal mkt environemnt.

Difficult to explain until you have worked on the other side of the fence.

Alright thanks for your observation. Btw, Lawrence, just as a curiosity where did you work (not asking for name, but just whether it was a bank/MM operation/hf and in what role - algo trader/quant developer etc.) before you started your own firm. Thanks.
 
Quote from noone3:

just got back from lunch, love the move 88.5-94, i think we will have a move to new highs
Looking for long entry
Any thoughts?
ok my thoughts are: bid 92.5, risk: 2 points, tgt new highs
just got the fill
 
Quote from ammo:

trans got to cleavage,hoping pullback to nip or at least larger than we have seen so far


intraday, trannies are, again, lagging (or leading, depending on your p.o.v.) to the downside...



[edit: i suspect we'll get a pullback here to the 1190 area, question is whether that will be the springboard > 96.25 or whether that be the trap door to last week's tues/wed gap.

i'd be leaning springboard but for the trannies]

[edit2: watch 83.50ish on IYT -- djt etf]
 
Quote from ammo:

40 to 1 on uvol,still pretty fat

It's been choppy ever since the open-- only reason it's 40 to 1 is because we gapped up 28 points from the last close. The ratio line itself is up and down all day.
 
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