CL Redux

Quote from schizo:

Rest out 79.04

Going to the fucking bed. Sorry for my language, but I'm feeling unusually cranky tonight. On a night like this I feel like a total scum, prostituting myself for money.
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Perhaps this was why I was feeling so damn pissed off last night. Call it a premonition.
 
Quote from EON Kid:

In my simple view of things, if GS was the chief under table lender to Greece, along with the Sec investigation , they had all the information and had all their ducks in a row. They must have made a fortune shorting all the markets
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They totally engineered this. 100 point swoon without any dire warning? Hell, Greece bailout has been in the air for months and the market rarely flinched!
 
Quote from schizo:

They totally engineered this. 100 point swoon without any dire warning? Hell, Greece bailout has been in the air for months and the market rarely flinched!
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There was a major weekly trendline in the indexes that was breached ealier in the day.
 
Quote from EON Kid:

1998 Russian financial crisis was a relatively fast drop and recovery afterwards.
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I was trading that day, but if you remember that was already preceded by the jitters from the Asian financial crisis. But the real crash didn't occur until the morons at LTCM finally realized they've accidentally dropped a few billion bucks down the drain due to the Russian default.
 
Quote from Speciaul_K:

There was a major weekly trendline in the indexes that was breached ealier in the day.
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That WAS the 1140 mark I had alluded to earlier. And, man, is ES a real pimp.

BTW I've never seen ES drop by as much as 100 points just because the weekly TL was violated and I've traded that damn thing for 10 years.

Quote from schizo:

I suggest you monitor ES. It should bounce off at 1142-ish.

I'm afraid the pimp is ES. CL is its docile you know what.
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