That was a great setup, and you called it at the time. I stayed away because we were already up so much, it looked like it might just keep going. Glad we all got a piece of the down move that followed though. :)
This sums it all up:
http://blogs.wsj.com/marketbeat/2012/05/22/stocks-slump-papademos-says-greek-exit-risk-is-real/
And goes to show that Big Money moves the market where it wants it to go. And leaves the rest of us to try to expain it. :p
My favorite line of the article: "By the way...
Looks like it hit the street around 15:30 EST, and that's when selling picked up.
Now we've bounced ten points from the LOD. Gotta love the volatility!! :p
I swear I'm gonna puke the next time I hear Greece as an excuse for a selloff. In fact, I just threw up in my mouth a little bit...:eek:
Seriously, they expect us to believe that crap??
Low risk trade here buying 09, but too late for my liking.
If no support here at the 08 level then next stop is S1 at 01. Still plenty of time to get there...
Looks like ES trying to get all the way back to the pivot before the close.
Good work today guys, looks like we all managed to make a few bucks today. :cool: