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    A simple price action approach

    Xspurt, Are you calling for 6000 Dow ? Also could you please give me a link of your other thread, I got no idea what it is. Thank you FoN
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    Biggest hammer evAr today

    Or better money management. FoN
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    Biggest hammer evAr today

    Very few saw 2008 coming. Now everyone is bearish on this 2011 drop. When we forget about 2008, that's when the chaos will come. FoN
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    ‘HFT is killing the emini’ S&P, says Nanex

    I thought the site owner, Baron, warned you about this stupidity. FoN
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    ES Journal Archive (2011)

    The US, at least to me, is still the greatest country in the world. Whatever obstacles ahead, including our politicians, we will overcome them. I would never bet against this country, ever. FoN
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    Its a bloodbath in asia right now.

    It never ends, it just ends up bouncing back up. Praise the Lord! FoN
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    ES Journal Archive (2011)

    Replicating this trade on ES and in cash. FoN
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    Who lost their balls today.

    Takes money, balls and risk management. I'll be fine. FoN
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    Who lost their balls today.

    My long term SPY holdings are red. I don't use stops on investments. In fact, if it drops below 100 I will add identical size and even more below 70. Otherwise continue to hold intact. Here's a screenshot of the damage so ET can laugh at my unrealized red and the buy and hold...
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    Market Reaction to Standard & Poor's US DOWNGRADE?

    Probably both with heavy whipsaws up and down just like last week. FoN
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    Who thinks the Dow is going to rally and rocket up on Monday??

    That is true and based on actual facts, I've never seen the majority in ET get it right. heh FoN
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    Who thinks the Dow is going to rally and rocket up on Monday??

    The 200 day MA has been taken many times before, it does not mean much except for equities being cheap when price is below it. FoN
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    ES Journal Archive (2011)

    Im thinking this area could be the actual lows, you agree as well, would be nice to get some additional confirmation from someone that reads the market well. Thanks FoN
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    Who thinks the Dow is going to rally and rocket up on Monday??

    Hope we get another 3-5% down move so I can buy some serious stuff on panic. FoN
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    ES Journal Archive (2011)

    Think most of the news is priced in as its obvious it was leaked before hand due to last week monster unusual activity. Looking for 1120-1130 to buy and possibly redeem past losses. FoN
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    Who thinks the Dow is going to rally and rocket up on Monday??

    You could grow capital in the USA by shorting it though. FoN
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    America Is Doooooooooooooooooooooooomed!! Downgrade Tonite!

    Small observation. Most don't hold over the weekend, based on majority of forum posts and especially during high volatility now everyone was short over the weekend. FoN
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    America Is Doooooooooooooooooooooooomed!! Downgrade Tonite!

    Well we use stops to protect our capital, the other option is small size and no stops. If you gonna use leverage, stops are inevitable. FoN
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    America Is Doooooooooooooooooooooooomed!! Downgrade Tonite!

    Anyone short the Z futures ? I bet that rakes quite the cash on Sunday night. FoN
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    America Is Doooooooooooooooooooooooomed!! Downgrade Tonite!

    Check today's volume, it occurred today. Fon
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