ES Journal Archive (2006 - 2008)

Sounds great, I would hate for you to learn too much from a clueless teacher.

 

its on all markets... thats what made me nervous.. at daily szones on all markets as well as double bottom.

 

My last on OI. Anyone using OI must calculate the OI/notional premium ratio, but it remains worthless.

 

How can you ignoree the correlations and arbing between the derivatives of the underlying ?

 

smells like a long

 

spy chart. LOD $146.14

 

$spx.x

 

Long from 1463.50
Sold 1/2 at 1466.50 for +3
Still holding other half for 1468.50.

EDIT: Last 1/2 filled at 1466.50 for +5. Now flat.

EDIT: I'd be inclined to go short on a retest of 1468.75. Anyone else looking to go short near here?

EDIT: Wow, no shortage of sellers at 1468! I was really lucky to get that fill at 1468.50; had a limit order there that got hit by that very brief spike. Not usually so lucky.

 

Well there's the retest, but it didn't fail, and I'm not yet seeing bearish divergence. Maybe one more leg up?

EDIT: That high at 1470 was a 50% retracement of the decline from 1477.00 to 1462.25. Probably was a low-risk short entry, and if it's re-tested I'll probably take advantage of it. Missed it on the first try.

 

i nailed 69.50/69.75......TL + 50% fib confirm ......out 3/4 @ 66.25

patienece paid off as i did`nt think i`d get hit on that