ES Journal - 2019/2020

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schizo said:
But there's one important difference. With past crashes, there was a series of breather in between. For example, in 2000, there was a 6-month chop before it resumed lower. With this one, we're literally falling off the cliff with no break.
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Of course. I think that's what surprised most on this entire sell-off .

We virtually dropped nearly 40 % without a breather to speak off. That's why I'm not looking for one yet, either.

I'm thinking there's quite a good chance we'll see low 2000s tomorrow. We'd really need some kind of intervention or miracle to stop that.
 
Buy1Sell2 said:
3 teenagers in underwear driving the market tonight.
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Yeah. Small businesses all over the country are going to go tits up B1.
Pension funds are going to be insolvent.
Do you realize what that means!!!?

Have you looked at the breadth of the ES/NQ on Globex tonight?
Its not teenagers pal... so STFU.... we are in trouble bigtime as a country. I'm not blaming Trump either, although many here might. Whatever on that. It doesn't fucking matter, you can only play the cards that are in front of you.

As I said 2 weeks ago, our lives as we have known them are forever going to change.
 
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Laissez Faire said:
Of course. I think that's what surprised most on this entire sell-off .

We virtually dropped nearly 40 % without a breather to speak off. That's why I'm not looking for one yet, either.

I'm thinking there's quite a good chance we'll see low 2000s tomorrow. We'd really need some kind of intervention or miracle to stop that.
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Why don't we do some chart analysis for a change? Hold your pants, mine's coming up shortly.
 
schizo said:
Why don't we do some chart analysis for a change? Hold your pants, mine's coming up shortly.
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I use charts all the time even if I don't post them here always. That said, there's a lot to learn about a market from statistics and numbers that are not always easily found on a chart.

Anyway, looking forward to your chart.
 
vanzandt said:
The whole thing is a house of cards.
What happened to all the doom and gloom of late December?
Oh CNBC changed their tune.
There are waaaaaay too many problems.
A f'n blind man can see it.
Tech is right back at nosebleed levels.
15X sales and no free cash-flow on low volume pigs that are holding everything up. I see it. The examples abound.
It strikes me as funny at how easily the narrative is changed. And people get sucked right in.
Water seeks its level....2400... here we come.
Just give it a few, we're heading south. Sorry B1.. your uptrend is toast.
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"A house of cards"
 
vanzandt said:
I knooow what you're saying... but in the same breath... bailing out all those people, won't mean diddly if all these companies that fuel our economy go tits up. Right? Sure, people bitch that corporations "pay no taxes" or whatever... but the millions of employees that work for them do. These folks buy houses, cars, and everything else. Its a tough call for those in charge to make. Believe it or not G... these folks aren't dummies. They are as smart as you or I, and they are privy to a lot more information, be it empirical or ivory tower. There's not some big conspiracy at work here to save CEO's. There's not. Its just an incredibly fine line. Our economy's a house of cards. This Corona stuff... it would be NOTHING compared to the grid going down out of the blue for a month. You wanna see chaos at Costco.... that shit happens and lead will be flying by week 5.
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A "house of cards".
 
There is no "V" coming. The best we can hope for is an "L".
When forward estimates on the S&P hit 14.8, after the dust has settled, then we can call abottom.
As I said 3 weeks ago, way before B1 mind you, I expect short selling to be heavily curtailed very soon.
 
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