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#FuturesTrades January 30th Wednesday 2008 Trade Log

Russell 2000 Emini ER2 Futures

Today	Month	Year
+23.80	+387.10	+387.10
$2,380	$38,710	$38,710

Profitable Trade

1459pm - 1506pm est

Losing Trade

1005am - 1008am est

click on image to view actual size

Current Performance Record

Key Trades of the Day (see chat log below)

Profit/Loss Statement

General Strategy Info: The above profit/loss info represents trades by M.A. Perry (a.k.a. NihabaAshi) only and all trades were posted in realtime as shown in the below chat log.

Although I'm not familiar with the trade methods used by most members of #FuturesTrades, I use a rule based (no subjectivity) methodology that involves WRB Analysis.

There is some subjectivity involved with some of my trades when I'm developing a new strategy (hence the name TheStrategyLab.com) that uses WRB Analysis.

In fact, many of my trades or profit targets will occur within key WRB support/resistance zones because these price areas gives me a better understanding of key changes in supply demand.

Traditional pivot point analysis or traditional s/r levels are inadequate in understanding changes in supply/demand of the Russell 2000 Emini ER2 or any other trading instrument of today's markets in comparison to WRB Analysis.

WRB Analysis is also a key aspect in my use of intermarket analysis (ex. Oil and Gold), market seasonal tendencies, volatility analysis and custom Japanese Candlestick patterns to complete my trading plan that results in consistent profits.

Further, position size management is a key aspect of my trading and I trade any where between 1 to 9 contracts per trade depending upon the volatility, pattern signal, seasonal tendencies or intuition.

All of my trades and commentary for today's market action (posted below) are via the user name NihabaAshi (Japanese Candlestick term) and I exclusively trade the Russell 2000 Emini ER2 futures even though I closely monitor other key markets so that I'll have a better understanding of ER2 price action.

With that said, today's trade posting chat log is below and it contains all my trades that were posted in realtime along with the trades of other members of #FuturesTrades.

Further, if you want the instructions for gaining access to our free #FuturesTrades chat room...click here.

#FuturesTrades purpose, benefits and access info for day traders, swing traders and position traders...click here.

Session Start: Wed Jan 30 09:19:02 2008Session Ident: #FuturesTrades

* Now talking in #FuturesTrades 09:19

<X> [NihabaAshi] #FuturesTrades info @ http://www.thestrategylab.com/FuturesTradesChatRoom.htm and trade log archives @ http://www.thestrategylab.com/RecentTrades.htm

* codehead_afk is now known as codehead

<PapaJon> gm all 09:20

<TraderO> Shorts ER2 @ 701 09:22

<rickf> gm 09:25

<NihabaAshi> Looks like the Société Générale had been warned by its subsidary about their rogue trader activities... 09:26

A year ago :)

http://www.reuters.com/article/bankingFi nancial/idUSL2956456420080129

<Pepe> :)

like Barings Bank

* ItalianSharp_away is now known as ItalianSharp 09:27

<drt> gm all 09:30

<NihabaAshi> Long ER2 @ 702.20 -> medium size 09:31

<TraderO> Covered all ER2 Short @ 703 --> - 2

<NihabaAshi> #FuturesTrades Purpose -> No gurus, no head traders...you're here to document your own trades and thoughts as you traverse from one trade to the next trade because it provides critical information you cannot get from your broker statements (real money or simulator)...use this room as your trade journal. 09:32

<szubaark> Buys ES @ 1358.50 «« paper »» 09:35

<ripsboy> gm all... 09:36

<NihabaAshi> Exited ER2 Long @ 702.00 --> - 0.2

Lucky exit considering I had some problems exiting at a profit :( 09:37

<startrader> got my 1354 overnight, stuck out of trading today for exceeding margin even though it was never negative overnight. I have done that before and knew it would happen. 09:39

<rickf> short es 1355 paper

<Brutus> 1030/1530 Jan 25 US Energy Dept Oil Inventories 09:41

Crude Oil Stocks (in barrels) +2.3M

Gasoline Stocks (in barrels) +5M

Distillate Stocks (in barrels) -1.3M

1415/1915 Jan Federal Reserve interest rate decision

Federal Funds Rate 3% 3.5%

N/A Jan FOMC meeting, day 2; interest rate decision expected at

2:15 p.m.

<NihabaAshi> Be careful...she's moving fast 09:42

<rickf> exit es 1555 paper +0 09:43

sheesh

<NihabaAshi> Long ER2 @ 700.90 -> medium size

Will use a market order this time instead of a limit order after the prior trade problem

Exited 3/4 ER2 Long @ 702.00 --> + 1.1 09:45

exit stop raised ER2 @ 701.00 09:46

geeesh :( 09:48

Trailing Stop Hit ER2 @ 701.00 --> + 0.1

* cwellsi buys ER 701.2 09:52

<NihabaAshi> sneaky price action right now

Long ER2 @ 702.60 -> small size

<szubaark> especiallt hat quick, sudden Drop

<NihabaAshi> Exited ER2 Long @ 702.80 --> + 0.2 09:56

Long ER2 @ 703.30 -> small size 10:00

Exited ER2 Long @ 703.00 --> - 0.3 10:03

<TraderO> Long ER2 @ 703 10:04

<NihabaAshi> Shorts ER2 @ 702.50 -> small size 10:05

Pin Ball Machine price action 10:06

<TraderO> Stop 701.3 10:07

<NihabaAshi> Covered ER2 Short @ 704.50 --> - 2 10:08

Reverse and Enter Long ER2 @ 704.50

<szubaark> nasty spikes up and down

<werner> gm all 10:09

<NihabaAshi> Szu...it's that Pin Ball Machine

<szubaark> yup...

gm werner

<TraderO> Exited 1/2 ER2 Long @ 706 --> + 3

<szubaark> exit stop moved to breakeven ES @ 1358.50 «« paper »»

<werner> hi szu 10:10

* cwellsi sells ER 707.6 +6.4 10:11

<TraderO> Exited Remainder ER2 Long @ 707 --> + 4

* cwellsi shorts ER 706.9 10:12

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY)

<NihabaAshi> Exited ER2 Long @ 705.70 --> + 1.2 10:13

* cwellsi covers ER 704.9 +2 10:15

<rickf> short es 1361 paper 10:18

<NihabaAshi> Shorts ER2 @ 705.40 -> small size 10:19

that's a long

<KiwiRoo> gm guys...

<NihabaAshi> Long ER2 @ 705.40 -> small size

<KiwiRoo> interesting day.

<NihabaAshi> It's fast but looks to be slowing down. 10:20

<KiwiRoo> Yup.. ppl is looking for 0.5% cut today as well.... don't think they'll get it.

<NihabaAshi> Tough to hold on to these trades...turbo like retracements :( 10:22

* cwellsi shorts ER 706

<szubaark> yes

tick for tick retracements LOL

<KiwiRoo> I guess it will be tight range until FED, gotta tight profit as they comes...

<szubaark> good luck with tight Stops in this 10:23

10:30 Petrelum Report 10:24

<KiwiRoo> guess i have to sit tight for now... not gonna widen my stop for this crap... 10:25

<szubaark> Exited all Long ES at 1361.50 --> + 3 «« paper »»

<KiwiRoo> nice trade..

<werner> nice szu

<szubaark> thanks.. took some heat on this due to the Quick, Sudden Morning Drop 10:26

<NihabaAshi> Exited ER2 Long @ 705.60 --> + 0.2

<szubaark> Price acting too "weird" and 10:30 Report coming out

<KiwiRoo> were u entered from overnight trading? 10:29

<szubaark> no

<KiwiRoo> ok kool. 10:30

mini Doubletop on ES.

<szubaark> also Inverted Dark Hammer for what its worth

<Nesi> oil 10:31

<codehead> crude plunge here on inventories

<NihabaAshi> Long ER2 @ 705.50 -> small size 10:33

<KiwiRoo> NQ,YM,ES,ER are out of sync recently.. 10:34

<NihabaAshi> oh oh...volatility contracting

<rickf> exit es 1360.50 +.50 paper 10:35

<NihabaAshi> Lost in the forrest again :(

<rickf> :(

<KiwiRoo> niha.. plz explain that term : volatility contracting ??

<NihabaAshi> Contracting Volatility = Smaller ranges on the intervals :) 10:36

<Pepe> :) ok

<KiwiRoo> ok thanks.. i thought u were talking about the tape speed etc. 10:37

<NihabaAshi> That's more momemtum (tape speed).

<KiwiRoo> ;) hehe.

<NihabaAshi> Although both have a relationship (volatility and momentum) 10:38

Thus, momemtum is also declining when volatility is contracting.

<KiwiRoo> ha.. true..

<NihabaAshi> Thus, prints in Time & Sales should be slowing down.

<szubaark> Shorts ES @ 1360.75 «« paper »» 10:39

<KiwiRoo> wooo.... check out that chop just then.

2sided or what. 10:40

<rickf> no kidding -- tight range, chop chop chop :|

<KiwiRoo> I get beat up easily on chop days... 10:41

where is KN-ES... he'll do well.

<ItalianSharp> gonna take a long break now...i hoped the oil report would bring some volatility but I guess markets are rangebound till FOMC 10:42

* ItalianSharp is now known as ItalianSharp_wait_FO

<NihabaAshi> Exited ER2 Long @ 706.00 --> + 0.5 10:43

Reverse and Enter Short ER2 @ 706.00

This thing has retrace every profitable trade I've had today... 10:45

Figure it'll be good to reverse my position upon exiting a profitable trade.

Trading Edge:
Strategies
If your an independent trader looking for an edge to help you traverse around obstacles to profitable trading...a method that's well defined, gives you a better understanding of the markets, applicable for day trading, position trading, swing trading, market seasonal tendencies, position size management, intermarket analysis with a money back guaranteed policy...click here.

Trading Strategies ->   Strategies used by NihabaAshi, from entry to exit, exploit inefficiencies in the price action for profits of the following trading instruments via WRB Analysis and Intermarket Analysis: Emini Index Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Index Derivatives (DAX, ESTX50), Euronext Index Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Energy Futures (CL, NG, HO, QM), COMEX Metals Futures (GC), Forex Currencies (EurUsd, EurYen, UsdCdn), Exchange Traded Funds (DIA, GLD, OIH, IWM, QQQQ, SPY, XLE) and Hang Seng Index Futures (HSI)

<KiwiRoo> I guess so.. lol.

<NihabaAshi> Thus, intuition trade on the current Short :)

<KiwiRoo> every price pause causes the market to turn a bit. 10:46

yeah.. nice scalping.

<NihabaAshi> ER2 volatatility contracting 10:47

Covered ER2 Short @ 705.10 --> + 0.9 10:48

<KiwiRoo> same goes to all the other 3 markets..

* cwellsi covers ER 704.9 +1.1

<KiwiRoo> ad/dc is flat at -170~ish. 10:50

<szubaark> Covered all Short ES at 1362.25 --> - 1.5 «« paper »» 10:53

Buys ES @ 1362.25 «« paper »»

* cwellsi shorts ER 706 10:54

<cwellsi> triangle ER, rectangle ES 10:56

breakout attempts

<KiwiRoo> ES broke above but sank back in..

<szubaark> Exited all Long ES at 1362.25 --> 0 «« paper »»

Shorts ES @ 1362 «« paper »» 10:57

<KiwiRoo> no one is taking the top side at this stage.

<cwellsi> consolidation patterns

<KiwiRoo> been a while :P 10:58

<cwellsi> in theory, both should break to upside

<KiwiRoo> lets hope so... NQ is on the up.. 10:59

* cwellsi covers ER 705.8 +0.2 11:00

<szubaark> NQ on its own 11:01

<KiwiRoo> YUP.. 11:02

+9.5 on that market..

<NihabaAshi> Shorts ER2 @ 704.90 -> small size 11:04

* cwellsi buys ER 704.8

<cwellsi> coin toss here :} 11:05

<szubaark> again, every tick getting retraced 11:07

<KiwiRoo> I guess.. just buy/sell at the extreme of to box.

<cwellsi> yes until it stops working 11:10

or wait for a breakout/down 11:11

<NihabaAshi> Now may be a good time to take a break with volatility overall coming to a "crawl".

Covered 2/3 ER2 Short @ 703.80 --> + 1.1 11:17

<szubaark> Covered all Short ES at 1359.50 --> + 2.5 «« paper »» 11:18

* cwellsi sells ER 704 -0.8 11:20

buys ER 701.2 11:31

<NihabaAshi> Covered Remainder ER2 Short @ 701.70 --> + 3.2 11:35

<szubaark> Nice Niha. 11:36

<futurible> vn

<KiwiRoo> yeah.. nice trade. 11:37

* cwellsi buys ER 698.8 add 11:44

<TraderO> Shorts ER2 @ 699.8 11:59

Covered all ER2 Short @ 700.3 --> - 0.5 12:13

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) 12:15

<NihabaAshi> Oil volatility spike while Gold seems unimpressed. 12:18

* cwellsi sells ER 701.5 +2.7, +0.3 13:15

shorts ER 702.8 13:26

covers ER 700.8 +2 13:40

<NihabaAshi> Time for the FOMC pre-price action to start...its 1:45pm est 13:44

<cwellsi> time to watch for me :} 13:46

<Guest35179> Long ER2 @ 699.5 13:50

Exited all ER2 Long @ 700.8 --> + 1.3 13:56

Long ER2 @ 700.8 14:05

<NihabaAshi> Feels like I'm at a BlackJack table in vegas :) 14:06

<Nesi> :)

<NihabaAshi> The contracting volatility is "tight"...only for scalpers. 14:07

<sb> jeez, big jump there 14:08

<pat255> hi alll...

<KiwiRoo> here come the gold rush. 14:09

<NihabaAshi> Long ER2 @ 702.10 -> small size 14:11

My data is questionable :(

<cwellsi> lol market depth vacuum 14:13

<NihabaAshi> Exited ER2 Long @ 703.20 --> + 1.1

<rickf> standing by.... 14:14

<KiwiRoo> size on DOM is so thin now.

<cwellsi> up to 1 pt spread on ER

<NihabaAshi> Yeah and long time getting a confirmation

<pdays> FED .50 14:15

<cwellsi> .5 cut

<NihabaAshi> Market got what it expected and wanted.

<KN-ES> Shorts ES @ 73 14:16

<cwellsi> yes but was it price in?

<Guest35179> Exited all ER2 Long @ 709.6 --> + 8.8

<KN-ES> out 5/6 at 72

s/l 90 14:17

out 1/5th of the rest 66 --------- +7 14:18

<startrader> took out friday's high and reversed it hard

<KN-ES> out all 75.75 ------- -2.75 14:20

Shorts ES @ 75.50

sz

<NihabaAshi> volatility contracting 14:21

* cwellsi shorts ER 709.8

<ItalianSharp_wait_FO> tradestation froze on me since 2.15pm....((

<KN-ES> out 1/2 74 +1.5

<Pepe> :(

<cwellsi> really too wild to post

* ItalianSharp_wait_FO is now known as ItalianSharp

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY)

<ItalianSharp> tradestation sucks...i am very unhappy with them 14:22

i never trade the FOMC...but still, i would like to have the option to

<KN-ES> s/l 90

<ItalianSharp> anyone else having problems with TS? 14:23

<NihabaAshi> Long ER2 @ 711.10 -> small size

<Andy> IS, I have continued to get data from TS in a timely manner, except for the VIX which stopped printing at 14:15 14:24

<ItalianSharp> damn...i either am on the worst server ever...or i dont know...

everything was fine until christmas break

i've been having problems ever since then 14:25

unreal

<Andy> I was watching Bloomberg Internet TV and I was amazed how late they were with the announcment...like 30 seconds late

<startrader> 79.75 big retrace area.

<NihabaAshi> Exited 1/2 ER2 Long @ 714.20 --> + 3.1

<Pepe> nice 14:26

<Andy> IS I have had problems with TS and I haven't been comparing them to my trading platform, which is timely, so I have

<pat255> dang N ...vn everyone looking for

S but

<Andy> to edit that statement to say TS data has been continuous...timely, I don't know

<ItalianSharp> andy, it's a problem of mine then

<NihabaAshi> Trade error for me that's going my way :) 14:27

<pat255> lol ...

* cwellsi shorts ER 715.1

<silo> meant to exit all?

<Nesi> my broker behaved perfect under so much pressure, fwiw

<NihabaAshi> My Oil and Gold charts are still working :) 14:28

<cwellsi> vix is dead on most data feeds

<NihabaAshi> In the past they would stop working after a FOMC announcement :(

<cwellsi> data feed providers and brokers are having a difficult time keeping up with the surge in futures volumes 14:29

<NihabaAshi> Exited Remainder ER2 Long @ 712.00 --> + 0.9

Geeesh...as if they knew where the stops were at :( 14:30

<startrader> 79.75... 14:33

* cwellsi covers ER 707 +8.1 14:34

<pat255> vn cw wtg..guys

<startrader> vnice cw...

<cwellsi> thanks

seems cut was priced in 14:35

<KN-ES> out 1/4 at 66.00 ------ + 10.50 14:36

out 1/4 at 67.00 ------ + 9.50

it filled 67

<cwellsi> wow ER 14:37

* cwellsi buys ER 701.5 14:38

<NihabaAshi> Long ER2 @ 703.20 -> small size

<startrader> just looked at daily chart, 78 is the 21 ema as well.

* cwellsi sells ER 705.6 +4.1 14:39

<NihabaAshi> geeesh :( 14:41

Gold and Oil no longer giving me support

* cwellsi shorts ER 704.9 14:42

<NihabaAshi> Exited ER2 Long @ 704.40 --> + 1.2

<startrader> lol, 1366! 14:43

13 is the 6th prime #.

* cwellsi covers ER 705.8 -0.9 14:44

<cwellsi> FED must see some awful #s 14:46

<KiwiRoo> this is not a good reaction for a 0.5 cut.... lol.. 14:47

* cwellsi shorts ER 706.8

<startrader> The levels being touched tells me these are very large, short term participants and this reaction is not a good case either way. 14:48

* cwellsi shorts ER 708.8 add 14:49

<startrader> the herd is not on board... 14:51

<cwellsi> different agendas playing out 14:52

<rickf> agree -- and i'll quote Doug Kass: "I would sell the strength that would possibly result from a 50-basis-point cut. To me, a 50-basis-point cut would be an indication that the cumulative 125-basis-point cut in rates over the last week indicates that there is much more trouble ahead." 14:53

<KN-ES> 79 -- add ES 14:54

<startrader> gotta take it up a couple more handles to wash out the shorts. 14:58

<NihabaAshi> Long ER2 @ 712.60 -> small size 14:59

intuition trade

<Nesi> i made my goal, i am done for the day, thanks all 15:00

thanks a lot Niha

* cwellsi shorts ER 713.8 add

<NihabaAshi> Exited 1/2 ER2 Long @ 714.20 --> + 1.6 15:02

Resistance area here for ER2... 15:03

If it breaks upwards...it should hit 716 price area

<startrader> 85 is low from 1.9.08. 15:04

<NihabaAshi> Exited Remainder ER2 Long @ 717.20 --> + 4.6 15:06

* cwellsi shorts ER 717.8 add

<rickf> congrats nesi

<silo> nice

niha

so yo udid catch this trade :P 15:07

<NihabaAshi> ItalianSharp...your TradeStation still frozen ??? 15:08

Chat Room Logs Reminder -> #FuturesTrades chat room trade posting archived logs are posted @ http://www.thestrategylab.com/RecentTrad es.htm (today's log will be updated tonight by 9pm est) 15:09

<pat255> thks N..

<NihabaAshi> Shorts ER2 @ 713.70 -> small size 15:11

1 only

Profit protection mode for the remainder of the trading day.

<KiwiRoo> Looking for Long re-entry around 78-79 area.... 15:13

<NihabaAshi> Covered ER2 Short @ 712.00 --> + 1.7

<KiwiRoo> what a bounce.... 15:14

<startrader> sharp reversal.

<KiwiRoo> and what a bigger bounce back rofl. 15:15

78-79 should hold a bit.. if not then.. tanker.

<NihabaAshi> 710.60 was a support area 15:16

<KiwiRoo> there goes... empty air below that number..

75 support on Es. then 69..

<NihabaAshi> DAX lethargic 15:18

<KiwiRoo> 75 held... looking for long again above 79 15:20

<startrader> 87 handle was the 50% of 12.26 high, lowest common fib at this point. 15:21

<pat255> star what tf chart? 15:23

<KiwiRoo> hmm.. they can't get above 79.. :@ 15:24

<startrader> 60 min 9:30-4:15pm. cash+futs close. 15:25

<pat255> ty 15:26

* sep34 is now known as sep34_away

<KiwiRoo> god damn... i've been getting bad fills today :@#$@#$ 15:28

entered short at 74 filled 73.50.

:( 15:29

<startrader> ok fill now kiwi. 15:35

66 still may hold.

* cwellsi covers ER 707.7 +10.1, +6.1, +1.1, -0.9

<rickf> short es 1371 paper 15:36

<cwellsi> where did that support at 709 come from? 15:39

<KiwiRoo> ... 63 is big..

<rickf> exit 1/2 es 1368 +3pts paper 15:40

<KiwiRoo> oh man.. check the buy volume..

<cwellsi> DOW cash 12500 area should be support 15:42

<rickf> exit remainder es 1365 +6pts paper 15:43

* cwellsi buys ER 704.5 15:44

<rickf> short es 1362 paper

* cwellsi sells ER 703.6 -0.9

<KN-ES> out 1/6 and 1/4 at 61.75 -- +17.25 and 13.75

<rickf> exit 1/2 es 1358 +4pts paper 15:45

<cwellsi> wow ER

<robert> wtg KN

<KN-ES> thanks 15:46

looking for 35.50

in an hr

<cwellsi> FOMC announcement day never fails to deliver :} 15:49

<rickf> exit remainder es 1362 +0 paper

<werner> gn all 15:51

<KN-ES> out 3/6 at 63.75 ---- + 15.75

<rickf> gn

done for the day, too. gn all -- see you tomorrow

<KN-ES> s/l 90.00 tp1 at 49 tp2 15 15:54

<startrader> 30 handles in an hour and a brutal close. 15:55

<KiwiRoo> there goes the 56 :)

<KN-ES> :)

<KiwiRoo> below 54, say goodnight Bulls...

<cwellsi> bailing out enmass 15:56

<startrader> just shook out longs from lod. This move is a mystery. This is a credit and real estate bubble, not an equity bubble. 15:58

<cwellsi> when you need to raise money, you sell the most liquid assests 15:59

pop gave a great shorting opp 16:00

WRB Analysis

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<KiwiRoo> 42 next support..

<cwellsi> of course easy to see in hindsight :}

<Nesi> wow

<KN-ES> hit tp1 48.75 ---- + 30.25 16:01

<KiwiRoo> great work KN.

<NihabaAshi> Nice

<KN-ES> thanks

<Brutus> Excellent KN :)

<KN-ES> :)

<KiwiRoo> i missed one level.. 47 then 42..

<Brutus> scalper to 30pt trader in 1 month :)) 16:02

<NihabaAshi> Excellent volatility since the FOMC announcement

<KiwiRoo> yeah... amazing...

<KN-ES> thanks guys

just trying like everyone else 16:03

s/l 90.00 tp2 18 16:04

<Brutus> ============ U.S. MARKETS ACTION =========== 16:05

DJIA up 20.24 points to 12499.32

NASDAQ up 3.17 points to 2361.23

S&P 500 down 0.50 points to 1361.80

10-year T-note down 18/32 at 104 4/32 yield 3.739

NYMEX Spot Crude up $0.69 at $92.33/bbl at close

Dollar/Euro up 0.0110 at 1.4876

<KiwiRoo> Brutus, should add in dollar/aud in that as well :) 16:06

<Brutus> yep but figures seem wrong

http://custom.marketwatch.com/custom/tda meritrade-com/html-story.asp?guid={84a55 28d-7d0c-4035-8cfe-5f9958ae1cc9}

<NihabaAshi> Hopefully we don't get a trading day tomorrow that's contracting in volatility. 16:08

<cwellsi> usually day after FOMC announcement is a reversal day but seems we had it all today 16:09

<NihabaAshi> Trade Posting Script -> The color posted trades you see in here is available for free to any registered member of #FuturesTrades. To become a member of #FuturesTrades...follow the instructions at http://www.thestrategylab.com/FuturesTra desChatRoom and registration is free. Also, as a member you will be able to post messages, upload charts at our discussion forum @ http://www.thestrategylab.com/forum/inde x.php 16:10

<KN-ES> the problem is we are not getting a wide range........... 40.25 today and i guess around 26 yesterday and 35.50 day befor yesterday 16:11

<Brutus> gn all 16:20

<KiwiRoo> surely selling will continue with this down force momentum...

* sep34_away is now known as Andy_away

<KiwiRoo> back to 35 for ES.. yie yie yie...

<KN-ES> :) 16:21

<cwellsi> lot of support in this area

* Andy_away is now known as sep34_away

<KiwiRoo> i have plenty of support on 42 as well.

42 and 35 are huge..

<KN-ES> i think we wil see 1285 again b4 it reaches 1400

<KiwiRoo> NO shits..... maybe lower.

FEB low didn't hold last time.... not every a bit... ;P 16:22

<cwellsi> retest of the lows certainly not out of the question

<KN-ES> well, another bad news, we dont even have a help from FED anymore at this moment

two rate cut is huge cut anyway 16:23

<KiwiRoo> Yep.... 9days...1.25 cut... and its not even helping now.. 16:24

<KN-ES> tomorrows jobless claim will do the job, i guess

<KiwiRoo> i heard 500billion in subprime are due in 6months?

<X> #FuturesTrades Info -> Chat room for traders and intermarket analysis of Emini Futures (EMD, ER2, ES, NQ, YM), EuroFX Futures (EC), Eurex Derivatives (DAX, ESTX50), Euronext Futures (FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM) and Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY)

<KN-ES> anyway, take care all, see you all tomorrow 16:25

need a break now 16:26

<KiwiRoo> cya

<KN-ES> good luck

<cwellsi> lower rates will help mitigate some foreclosures 16:34

but lower interest rates won't spur many to spend 16:35

people are very nervous and are reducing spending 16:36

over the past 2 months, i've witnessed many retail businesses close their doors 16:38

due to lack of sales

* DisconnectedSession Close: Wed Jan 30 20:07:29 2008 20:07

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