ES Journal Archive (2006 - 2008)

Thanks, nice trade so far btw.

 

Someone tried 3 times in a row today to bring the price level lower.

All 3 times have exactly the same footprint.

What's the intention?

 

-2.25

missed intended scale out by couple of ticks, mental!

 

a nice reminder for the house vote? looks like he succeeded....

 

Usually something has to be done at a particular price level leads to this.

e.g. exotic option

Edit: When the necessary cross is done, the mkt will reverse direction

 

did all the sell programs get trigger? we are at 1115 now. wow straight down all day.

 

That low was 1123.5 and here we are one hour later at 1116, although it wasn't a straight down.

Nevertheless strike one more for the rule!

 

1113 will put in a nice Double bottom for the market (or on SPX). Then all the sheep can get long for the next 4 months


I'm thinking of the hammer the market put in at the August lows last year. It was so obvious after the fact but no one seemed to notice during that period.

 

L1116.75, s~1.5, h/s-10

Scaled out 2/3 +4

taking no prisoners this time

 

ES at the cash close was 1118. Last time we went 25-35 points up overnight based on the get long after the SDD play...