ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Time to start thinking creatively.
We all know what seems obvious.
BSC, Debt Auctions, FEAR, Friday ...
What is the market going to do to try and f'k as many as it can?
Maybe a very quick V bottom? Current longs can't be let off the hook, but the so far "obvious" shorts from the AM can't be let off the hook either.
Wish it went -500(+) this AM...
We all know what seems obvious.
BSC, Debt Auctions, FEAR, Friday ...
What is the market going to do to try and f'k as many as it can?
Maybe a very quick V bottom? Current longs can't be let off the hook, but the so far "obvious" shorts from the AM can't be let off the hook either.
Wish it went -500(+) this AM...
http://en.wikipedia.org/wiki/Panic_of_1907
funny how history repeats itself.....JP Morgan to the rescuse.
the Fed was not formed as of yet in 1907.........& is the cause & not the cure right now......as they continue to prevent what needs to & will happen........a flat out enima of the system to cleanse itself......it`s like a junkie petrified of detox because of the pain & misery involved but needs to happen in order to heal.
Awesome analogy.
Ok, Ray, analyse situation. What we know for sure? That the bear market will be ended by movement up.
They have hooked both long optimist and short pesimist.
Because the real move will be up, there must be giant stop run down that will stop out even brass balls traders.
But the move must be in such psychological situation that:
1. The shorts will not cover because they will expect the profit further rise
2. The longs will not step on train there down.
Because most stops on equities do not work in aftermarket I expect such scenario:
Giant down day or even afternoon - Everyone stopped out. Starting optimistic up - but screwing and screwing down.
Than giant spring jump back during aftermarket - and straight up immediately.
Does it not look like today?!?
Just I do not know if Friday is ideal day because I think the shorts will probably more cover than during other day.
But less long position will be opened.
I really do not know.
Ough, today looks to me interesting developing.
They have hooked both long optimist and short pesimist.
Because the real move will be up, there must be giant stop run down that will stop out even brass balls traders.
But the move must be in such psychological situation that:
1. The shorts will not cover because they will expect the profit further rise
2. The longs will not step on train there down.
Because most stops on equities do not work in aftermarket I expect such scenario:
Giant down day or even afternoon - Everyone stopped out. Starting optimistic up - but screwing and screwing down.
Than giant spring jump back during aftermarket - and straight up immediately.
Does it not look like today?!?
Just I do not know if Friday is ideal day because I think the shorts will probably more cover than during other day.
But less long position will be opened.
I really do not know.
Ough, today looks to me interesting developing.
lunch time...over
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