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ES and the Great POMO Rally


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ES and the Great POMO Rally

  #711 (permalink)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
Experience: Advanced
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Private Banker View Post
Yikes! Tooth pulled? Hope everything went well! Yeah, today was another wild day. I expect to see this for a while.

Just to clarify (in case my future wife reads this): my teeth are not rotten or falling out... I've had some trouble with a wisdom tooth which in turn gave me a nice root canal infection in the tooth next to it.

Oh, the joy of going to the dentist and missing out on several hundred ticks...

I suggest you guys chip in to cover my lost opportunities?

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  #712 (permalink)
 
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 Big Mike 
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Lornz View Post
I suggest you guys chip in to cover my lost opportunities?

I think your still high from your dental procedure...



Mike

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  #713 (permalink)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
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Big Mike View Post
I think your still high from your dental procedure...



Mike

Is that a "no"?

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  #714 (permalink)
 
tigertrader's Avatar
 tigertrader 
Philly, Pa
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Once again the market experienced a relatively large trading range and high volatility due to the lack of liquidity in the market. Today's action was essentially a mirror image of yesterday's trade, with the market leaving a dead cat's bounce as a lasting impression, although the market failed to make lower lows.

After the cash close, the bonds and dollar sold off, and the yen firmed up. Bullish technical divergences suggest that the market may have gotten a little ahead of itself to the downside, and relative strength in emerging markets, especially Brazil, suggests that the a bounce in equities could begin there. A likely scenario would see the ES retrace it's downside move back to the 1232.00 level where a confluence of resistance awaits (see chart).

No doubt there remains huge uncertainty in the Euro-zone which makes it sensible to remain cautious of the global systemic implications. However, in an attempt to circumvent the possibility of a liquidity trap, Trichet recently pledged commercial banks would be able to access as much liquidity as they needed from the ECB until at least the end of the year, and has backed up his statements through continued bond purchases. This should buy the market enough time to stage a relief rally to the aforementioned level.

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  #715 (permalink)
 
Private Banker's Avatar
 Private Banker 
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Lornz View Post
Just to clarify (in case my future wife reads this): my teeth are not rotten or falling out... I've had some trouble with a wisdom tooth which in turn gave me a nice root canal infection in the tooth next to it.

Oh, the joy of going to the dentist and missing out on several hundred ticks...

I suggest you guys chip in to cover my lost opportunities?

Lol! You got it! I'll buy you a round the next time I'm in Norway!

Cheers,
PB

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  #716 (permalink)
 
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 tigertrader 
Philly, Pa
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HFT

Helluva-lot-of-Fun-to-Trade !

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  #717 (permalink)
 ron99 
Cleveland, OH
 
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Lornz View Post
Like I said earlier in this thread, I have am just waiting for my 950 puts to go itm. Then I shall retire!

Can I ask what at what price you put these on at? Do you still have them?

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  #718 (permalink)
 ron99 
Cleveland, OH
 
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So are the ES day traders making money this week or are they getting chopped up?

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  #719 (permalink)
 
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 tigertrader 
Philly, Pa
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Getting short for the first time [email protected], for a quick contra-trend trade, w /tight mental stop, however.

1154.00 cover and flip...

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  #720 (permalink)
 
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 tigertrader 
Philly, Pa
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Could see 1195.00...today!

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