ES Journal Archive (2006 - 2008)

Patiently waiting.... at least for now

SPX 1165-1175

 

WARNING::::WARNING::::


LIMIT DOWN POSSIBILITY INCREASING.......


WARNING WARNING....

 

After 3:30 ET, no limit if none triggered during the day.

And I think it should be 10% for RTH.

 

Limit down, (actually circuit breaker 1) on ES is 130.00 during RTH. 65 is valid only during overnight.

 

I'm just not feeling the panic and volume at this 1200 level. Not attempting any counter trend trades.

 

Sorry, posted Q2 limits... here's Q3, very similar. The Q2 pdf contains more important details of how/when circuit breakers kick in however.

 

I believe you are correct. No short. They are buying the crap out of it.

 

1200.75 071508 LOD

 

I told you it would be fast and furious. I wanted to buy in at 1204 but I wanted to wait until it first hit 1201 1200 and relaxed a bit.
I didn't want to get long and get dragged down with the market. there is just too much panic right now.

 

don't be fooled. the 60 min chart is crazy heavy. not done to the downside just yet. this could very well just be some profit taking on the shorts who got in about an hour ago.

If it were serious cash pouring into the market "long" you would see a violent upswing.