ES Journal Archive (2011)

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Quote from Lawrence Chan:

#1 Fed, IMF, ECB, EU, World Bank all have at least 1 to 2 figures came out bad mouth euro zone around late 11 am before 12 pm. Then Fitch came out with the downgrades.

#2 These players who know exactly where the short sellers buy stops are and blocked the rally from happening - positioning themselves to pocket the drop down to prev day close area.

#3 They means some very connected nameless traders trading for the rich and powerful.

There are those who see the weaknesses and jump on board for a ride down. Those are good traders, not those who play dirty. =)
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Question, Lawrence
Is this more directly related to SPX and that the NQ may tag along ,but does not have any influence on the SPX expiration. In other words, are they separated in this "fight'.
 
Quote from Macho:

Question, Lawrence
Is this more directly related to SPX and that the NQ may tag along ,but does not have any influence on the SPX expiration. In other words, are they separated in this "fight'.
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Yes much more direct on SPX and its options and future contracts.
It is the liquidity in ES, SP, etc. allowing them to hide their identities.

NDX tag along because they share many components that are heavy weight on both.

To force a melt up or stop a melt down, however, the tool of choice right now is NQ because it is much cheaper to push it up. It is more cost effective.
 
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