ES Journal - 2012

[Laissez Faire]

Break you piece of shit or give us a good bounce.

European markets closed now.

 

[Laissez Faire]

2 tick higher low.

When that did not spark a bounce, I think a test of the lows is inevitable and I do not think that test will hold.

 

[Laissez Faire]

One sentence: Postponing the inevitable.

I wonder if we can see some momentum to the down side when we break.

 

[Laissez Faire]

I don`t see any reason we should find a bottom until 60, although I have some minor support along the way.

 

[Laissez Faire]

68 is first support, also being KT`s S2 with the pit values.

I don`t see it as major support though.

 

[Laissez Faire]

Allright.

If 60 is in the cards, like I assume it is now, would it be crazy to ask for 50 today as well?

If my math is correct, that would be a 2% down day and should not be an unreasonable target.

It is a target anyway, so why not get it done with today, so that we can rally tomorrow?

 

[ammo]

68 was just the near ledge,first target or minimal expected drop,not a supp til its reached as a target and holds

 

[Laissez Faire]

69-70 ideally resistance here if more down side to go.

I`ll shut up now.

 

[ammo]

Quote from Laissez Faire:

Allright.

If 60 is in the cards, like I assume it is now, would it be crazy to ask for 50 today as well?

If my math is correct, that would be a 2% down day and should not be an unreasonable target.

It is a target anyway, so why not get it done with today, so that we can rally tomorrow?

the money is made on the chop,instead of dropping from 1330 to 1230 and make 100pts, why not chop it up and turn it into a 500 point move, they use the customers money to trade and they give him the 100 points and keep the rest,and during that chop they try to take our money

 

[Laissez Faire]

Quote from ammo:

the money is made on the chop,instead of dropping from 1330 to 1230 and make 100pts, why not chop it up and turn it into a 500 point move, they use the customers money to trade and they give him the 100 points and keep the rest

Assuming someone actually is in control, yes. Just not so sure if these are conditions where "someone" actually is in control.

They are just postponing the inevitable, in my opinion.

Bidding 50 to exit.

Almost forgot the SPX close at 57 again. Let`s see what happens there first.