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mastacoli71
 

Registered: Dec 2006
Posts: 2095

 

04-30-12 02:56 PM


Quote from mastacoli71:

Back in the saddle. Added short 98 on Friday, avg 90.

Latest channel on 60 min. shorter term MAs once again threatening to cross.



reduce 92

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sttrader
 

Registered: Dec 2007
Posts: 312

 

04-30-12 02:56 PM


Quote from sttrader:

Let's see which way they take it from here....remember the mantra, "manip up, manip down...rinse and repeat" and you should do okay with your trades.



Guess they're still at the table trying to decide which way to take it or how far lower to take it before they start their ramp up again.

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mastacoli71
 

Registered: Dec 2006
Posts: 2095

 

04-30-12 02:57 PM


Quote from keeptradin':

No gap fill today, at least not for awhile. Chitown PMI numbers were BAAADDD!!

Looking at the one minute chart, ES sold off at 9:42, exactly three minutes before the official release of the report. Good to know insider trading is still alive and well...LOL!!

Offering 94.50 to get short for a scalp trade.



I guess there are services out there that actually release report 3 mins early. Free market capitalism, gotta love the country we live in.

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sttrader
 

Registered: Dec 2007
Posts: 312

 

04-30-12 02:59 PM


Quote from sttrader:

Guess they're still at the table trying to decide which way to take it or how far lower to take it before they start their ramp up again.



88-90 today which might be a good place for a bounce unless it turns out to be a trend day.

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keeptradin'
 

Registered: Feb 2004
Posts: 1419

 

04-30-12 02:59 PM


Quote from mastacoli71:

I guess there are services out there that actually release report 3 mins early. Free market capitalism, gotta love the country we live in.



I posted this earlier, but it was an edit to a previous post:

"Survey of purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Data is given to MNI subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction."

Pay to play baby, pay to play.

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keeptradin'
 

Registered: Feb 2004
Posts: 1419

 

04-30-12 03:01 PM


Quote from sttrader:

88-90 today which might be a good place for a bounce unless it turns out to be a trend day.



I'm looking for pullback to ~ 97 to get short.

Not seeing anything to drive buyers based on price action and bad news. Where's Big Ben when the bulls need him??

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