ES Journal Archive (2006 - 2008)

H and S and 10:30 crew put the whip on em.

 

OK 85.02 intraday

 

2nd gap ruled, SMA line is around 840, if we go down there, I expect a bounce....

 

out 50, sh 847.25 , 55 stopo, out 42

 

sh 41, gs fallin out of bed,add 43,48 stop, out 44

 

LOD was 40, bounced 8 pts from there...

 

Ammo and the gang,

why does esz8 sometimes trade at a discount to cash, while other times it trades at a premium?

Is this just a function of volatility, demand for the mini contract vs the index, and time to contract expiration, etc?

thanks,
newbie463

 

short 51, adding to 54.50 scaling out to 46 and new low.

 

its only a guess and lc probably has the right answer but they are selling es ,buying baskets of stock and i think with the trading firms dropping like flies ,the markets are thinner for baskets,thats why we are getting 10 and 20 point moves in es

 

somewhere on the net ,there is a sight which gives the cash/future sprd daily and its based on interest til exp,i dont know what the correct sprd is,maybe someone knows the site