ES Friday 1/13/23012

14 OUT OF 20 TRANS STOCKS DOWN JP morgan earning below not good
88 rat 81.25

or 3 PM...lol

so much for clarity

put buyers want 1250 area may be monday, then cover to 1300 for call buyers

if 6e euro brks 1.26 we may see 1269 in es today.

Originally posted by vasuki

put buyers want 1250 area may be monday, then cover to 1300 for call buyers

vasuki, market will be closed on Monday - MLK day

closes at 11.30Am

electronic trading only

Originally posted by BruceM

just curious if knowing the news and the "WHY" of a market move helps anyone trade short term? I can't figure it out myself

revising my buy zone down to 74.50 - 76.50

The news doesn't help me. The "WHY"(for me)does. However, the "WHY" might be different for each trader. And, finding the "WHY" is the part of trading few traders ever figure out.

Technical Analysis is the pursuit of finding patterns of human behavior, specifically buying and selling, thru the use of indicators, S&R levels, chart patterns, etc....but, the question is "Do the patterns cause the behavior or does the behavior form the patterns?"

why do u say this..? As an up and coming options player I want to suck all the information I can from the web...appreciate any help u can give

Originally posted by vasuki

put buyers want 1250 area may be monday, then cover to 1300 for call buyers

yeah ..I see that Rb...was really hoping they would have pushed it back for the 80.50 on that...lots of numbers in that 86 - 88 area....too late for me too ...a real neutral week