ES Journal - 2013

decent size pullback there.
Could be time to get long if you're flat

 

Maybe north korea will test launch a missile tonight, who knows.

 

I was talking of NASDAQ points in the above. So talking about 50 NASDAQ point correction tomorrow/day after, not 50 ES point.

 

haha if the missile is a long range one - ammo's shorts will pay themselves off very well.

Btw, your point about ES at 1650 is well taken. It is significantly different from ES being at 1250. Do you think a margin(initial or overnight) increase is going to happen from CME side since ES is at historic highs?

 

thanks for the positive outlook =)

 

I hope it's not long range, hehe. I prefer the one that peters out mid way, but the media blows it out of proportion as always.

I don't think the CME will change margins until we see several consecutive days of +2.5% days. We're barely doing 1% currently, let alone 2.5%.

 

cme wouldnt do that until jpm and gs have gotten everyone long with jpm and gs on the other side

 

Serious question - Why will cme listen to jpm or gs? JPM or GS are not going to pay CME members?

 

I would think JPM and GS are completing this task by now after this big run up from 1530.

 

Out of my 1659.25 add at 1650.5. Holding 1644 still.