ES Journal Archive (2006 - 2008)

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Quote from gwac:

Fed has asked goldman to give aig a loan, tell me someone did not know this and was accumating down at 1200....
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It's Goldman and JPM, arranged by you know who, and it's 75B...

Sure, no problem. The fed won't help you getting 50B, but we'll arrange for 75B from someone else!
 
sell-off is so overdone

everyone knew these companies were in doodoo

just panic and capitulation, we are forming a bottom here (maybe not exactly here, but very close, within 5 or 6% for sure)


getting rid of these weaker and dead companies is actually good, the faster they fail, the quicker the rest will recover and make money
 
It is true, cnbc is reporting that Godman, JP morgan have been asked to help out with a bridge loan.

Doesn't this say that the PPT is out of the picture?

If they (PPT) were in the picture, wouldn't they have engineered the fix and then gotten long and then announced it?

Fed not putting anymore money into this.

ES has to move below 1188, prints under 1180 would be better IMHO.

BUT, let PA be your guide.

"Markets are never wrong; opinions are." -J.L. Livermore
 
Quote from pulsescan:

Nah,

but i do like to examine both sides of the trade to get a feel for whats beyond the door in the Globex que. I don't scalp. I daytrade and swing trade. I admit. I just didn't have the balls for this one. I don't like uncertanty. I like a sure thing. for me its better to stick with me trading plan then to chase the market.
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Had you taken my suggestion, you would at least be $1000 richer by now (considering that you're a 1-lot trader). :)
 
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