ES Journal Archive (2011)

Very slow

 

nice trade ammo -

yes slow also

 

spy puts swelling at 128 today

 

sh 82.5,1 point stop, 78.75 bid

 

spy 128 ish, djt's making new lows

 

Funnymental market analysis: What is the fair price for an AAPL without Steven Jobs?. This has happened before, like when he was fired. What happened to the price of AAPL then?. How long did it take for the price of AAPL to drop?.

And finally, what % of the SP500 is AAPL currently?.

Answer to all above: Short the SPOOS, for at least a 20% drop. Big guys did it (started to) yesterday.

 

The DOW is remaining extraordinarily resilient to this selloff. If the bulls that are holding up a few key components of the DOW capitulate, a massive flush of the YM will be in order.

 

Nice trade. Had shorts at 82.25 still holding 1 contract on BE stop.

 

sh 79.5, 1 pt stop , 76.25 bid

 

next level to go long @1272.75