ES Journal Archive (2006 - 2008)

Pekelo,
Thanks for the update on the markets.

Steelers didn't do so well against my iggles, tho

 

Steelers won but did not cover -6.5! Life is good!

 

From Friday morning

 

From Monday morning

 

1100 will most likely need to be tested in order to have more significant upside( doesn't mean I will get long at 1100 of course).I am still looking at a touch of 1204 or a longer term buy signal before I will begin looking long. I continue to look short for now.

 

You shorting this T day bounce with the gap underneath ?

 

Disregarded due to lack of stop.

 

Not to rain on the parade here, but a huge move up or down was already priced in because of the high implied volatility of the VIX.

Yesterday's "crash"--even the local morning DJ was panicking about it!--was actually just barely outside two standard deviations based on the Friday's closes of both the VIX and the ES (1 sig was 1165; 2 sig was 1115).

 

To be fair, he probably didn't trade it. He just wants "credit" for "the call".

I'd rather take the cash.

 

Nicely done!