ES Journal Archive (2009 - 2010)

Keep in mind, "they" began shorting at 1185.

 

Buy under, sell over and stay delta-neutral.

 

watch how the dollar starts to rebound in the coming months

 

I was referring to magnets on monthly chart, YM +, ES almost +, NQ 2,256 hasn't been reached, say 2,250 to round it of.

 

Do you mind me asking rebound where from & why? TY!

 

Or not.

1. Just because there was a huge position traded, you don't know if it was a brand new short or the closing of a long.

2. There are always 2 sides for every trade, so "they" might have gone LONG at 1185.

Bottomline is, we* know shit about what the big guys are doing....

* by we, I mean you

 

all due respect pek, we know they are always doing the opposite of the majority,us

 

JSS,

where => 75 and under
why => contrarian/cycle play

 

"Bottomline is, we* know shit about what the big guys are doing...."

Not so true Pek...problem is you think like you and not like them.

 

Here is a monthly chart of spy, what is interesting to me is that the yearly high was a wick, in other words the mkt rejected that high. Also, it has failed to retrace the third (highest) candle when the mkt started to panic. That said we are a stones throw from a new yearly high and there is lots of cheap money out there. I think the bear mkt started around 1390 es, if you remember we spent a lot of time there and then cracked, good trading.