ES Journal Archive (2006 - 2008)

Lawrence Chan · Sep 17, 2008

Quote from pulsescan:

This low should hold. May get one more test before we bounce higher. WAAAAAAAAAAAYYYYYYYYYY higher!

If NQ does not take out the 52 week low then we go higher.
If NQ does break the low then all bets are off. This could go down in history as the biggest collapse ever. Scary.

Going long at this level is a bet of the mkt putting in a major bottom.

Good money management is necessary.

wave · Sep 17, 2008

Boom, there goes the print.

Pholeuon · Sep 17, 2008

On 1 tick chart it makes big bottom pattern.
If this does not hold amen with this level.

pulsescan · Sep 17, 2008

ES & NQ just took out the 52 week lows!

This could get ugly.

GTS · Sep 17, 2008

Quote from pulsescan:

ES & NQ just took out the 52 week lows!

ES low from yesterday around 1163

BoyBrutus · Sep 17, 2008

Quote from pulsescan:

ES & NQ just took out the 52 week lows!

This could get ugly.

The SPX low from yesterday could have been the target.

pulsescan · Sep 17, 2008

Quote from GTS:

ES low from yesterday around 1163

I was referring to $SPX, $NDX, & $INDU CASH MARKETS.

I use the cash to determine the futures.

newguy05 · Sep 17, 2008

holding steady at 1175, looking for entry by shorting es sept options at 1150.

vertigo3 · Sep 17, 2008

newguy,
would you be shortin' calls or shortin' puts?

saliva · Sep 17, 2008

Quote from saliva:

If Uncle Bernie doesn't slash the interest rate by 50-basis point as anticipated by the market, it's safe to say that you can kiss your 50% retracement (at 1175) goodbye.

Just how low can we go? How about 1155 for a change!

I ain't too sure we'll reach this milestone by the end of the day (that would be a 60 point drop!), but it's a remote possiblility, no?