Es 1168

[Mike805]

Quote from Mike805:

What probability would you guys give for a 1133 touch today?

Out at 1130. +28 pts.

I may have left solid money on the table here...

 

[spreadem]

Out at 1130. +28 pts.

I may have left solid money on the table here...

Nice play.

Still looking for a countertrend rally into the close.

 

[Mike805]

Quote from spreadem:


Nice play.

Still looking for a countertrend rally into the close. [/B]

Thanks. I would be suprised if we don't bounce to 1150 or so, this selling is a bit much...

I'm staying out of the ES, but, I did pick up quite a few long equities positions.

We'll see.

 

[dtrader98]

Quote from Mike805:

Out at 1130. +28 pts.

I may have left solid money on the table here...

1120 looks like a lower limit on historical modeling (that being said, it's not
like there's a lot of data pts to model here).

Nice exit though, not worth squeezing every penny, IMO.

 

[Mike805]

Quote from dtrader98:

1120 looks like a lower limit on historical modeling (that being said, it's not
like there's a lot of data pts to model here).

Nice exit though, not worth squeezing every penny, IMO.

I'm honestly kind of impressed (impressed may not be the right word, stunned???) by this market. I did not expect the S&P to be down 6.76% (as I type this) today.

Wow.

A very good day for me, but, wow.... this is some serious panic.

Edit: Still dropping post close.

 

[Eddiemorra]

im amazed that everyone is calling it right. When i woke up today, everyone on the whole of twitter and stocktwits said we would crash today and we did. Usually when sentiment is too 'one-sided' they are wrong, but no this time.
Free falling, baby.

 

[denner]

Quote from Eddiemorra:

im amazed that everyone is calling it right. When i woke up today, everyone on the whole of twitter and stocktwits said we would crash today and we did. Usually when sentiment is too 'one-sided' they are wrong, but no this time.
Free falling, baby.

But I guarantee only a small fraction of them were short. This is literally a carbon copy of the sentiment/market positioning from back in 2008. People are bearish, but they constantly "buy the dips". It's the psychology of 20+ years of constant Fed intervention on declines. People are always convinced that a bounce is right around the corner. The problem is the volatility kills most of them along the way, and the bounces are so sharp and short lived that no one takes their profits.

 

[Mike805]

Just got back from the gym to find ES at 1102.75, is 1000 the next level here?

Jeez, I think the media did a awesome job scaring the shit out of everyone this time around...

 

[Dortch]

Need to draw some trendlines here...connect 2007 with "now" then clone a line at the low in 2003. This is the reality of where we are!

 

[denner]

lol, the media. This wasn't mom and pop creating this market debacle. If anything, the build up of months/years of Fed induced complacency is responsible for this "oh shit" moment.