ES Journal Archive (2006 - 2008)

I assume it's a general term for the big boys. When he gets a chance, he names them. Is that right?

 

Generally means retail order flow.

 

Spec can change his mind in a heart beat once he has a new signal to change direction

 

New price level yet?

 

Virtually all retail traders (and a very high percentage of institutional traders as well) trade the ES S&P E-Mini contract.

It has extraordinary marke depth and one tick liquidity, so it doesn't have the slippage problem that the big contract has. Also, the big contract has a better spread, so with the current volatility I don't believe that slippage you mentioned is too extreme.

 

Not yet.

 

Very odd chart formation - 3 open gaps if today's gap is not filled by close.

 

That would surely be lucky for our eastern investors. It would bring in a flood of money from the sovereign wealth funds to save the day

 

this market is weak and wants to sell off but the vote tonight is proping it up.

 

today's gap taken care of ...

So for next target - the gap up there or the one down there?