ES Journal Archive (2006 - 2008)

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Quote from TL Trader:

"Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate..."

This might be it.
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In fact it is good news for market. First amex warned and now ML. IMHO market should take it as positive because now Bennie will act fast and will cut the rate more than .50 bp. Even it is not a permenant solution, but somehow mkt loves to hear that.
 
Quote from apex82:

another 130 to go or so
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another 80 to go.... amazing

I havent taken a look at the nasdaq monthly chart in a long time...

I think were headed to retest the lows in 2003... It will take about a year or 2 but that is what I am looking at. Confirmation would be a break below the 2386 low on the nadaq cash. If it holds above this 2386 pivot we may get one more high.. but it will be sold into hard. I hate to say it but this is in the 70% probability area... which is pretty good odds. There will be lots of bounces between but I think the trend for the next year or 2 is shifting. I would love to get one more high but am watching that 2386 pivot low. Its now or never for the nasdaq. It looks extremely bullish as long as it holds these most recent lows.
 

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dont know if any of you caught that bonds trade with me a few nights ago.. along with the gold last night.... but they were beauts... time to continue the streak with another one

im short 117 28/32 stop 1 tick above 118 1/32 on ush08

targets in the 117 16/32-17/32 then stop moved to be and trailed for new lows.
 
Quote from joeyata1:

mr volente you told me to buy at 18.75 and now 14.50 on the rule of 10? what about the rule of 2,4,20 and 30?i took your 18.75 signal and lost my rent money
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Aren't you the prick who said short at 1270 last year ?


Did you miss the 34 point trade earlier ?


Quote from volente_00:

50% retracement long signal at ~ 1401

rule of 10 1402




You guys are making me bullish.


:D
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Quote from kidPWRtrader:

Apex wondering if you have any levels for the nq and wave counts on dailys and intradays going forward...

Thanks..
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will post analysis on dailies later... need some sleep.

the only market that warranted a short was the dow and its raking in huge. I will look to cover at my 300 pt target and then assess for further downside or a bounce.
 
Quote from apex82:

dont know if any of you caught that bonds trade with me a few nights ago.. along with the gold last night.... but they were beauts... time to continue the streak with another one

im short 117 28/32 stop 1 tick above 118 1/32 on ush08

targets in the 117 16/32-17/32 then stop moved to be and trailed for new lows.
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target 1 hit and filled at 17/32 placing stop at be with a trail stop into the night... 3 to 1 RR

added a short at 1515 but didnt post ahead of time... just have to trust. Looking to cover in this 1412 area and place stop at BE.

edit: out my 1415 short 75% at 1412.25 stop placed at BE off to hit the sack
 
Im so glad shorts got hit hard yesterday.

first, the market shot up 15 ES points in seconds
then later, we had a nice trend to end the day and squeeze more money out of the shorts.

I think its game over for shorts.Up up and away from here.

blackguard
 
woke up to a nice profit on the bonds trade...


Here is a chart of CFC I posted a month or so ago...

Coincidence it got bought out the day it hit the most major support level I have constructed??

You have to be the judge...
 

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