ES Journal Archive (2006 - 2008)

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09/24/2008 13:51 *DJ Tsy Paulson Accepts Plan To Limit Pay Of Bailout Co Execs -AP


No conviction from either side. PA and volume look weak
We are hitting the multiday down TL above.
 
Double Top above OR-H, sign of failed breakout, the top of the dtop signifies the absolute line in the sand for today imho.

Short as long as the DTOP holds otherwise breakout to the upside.

Anek
 
Quote from Anekdoten:

Double Top above OR-H, sign of failed breakout, the top of the dtop signifies the absolute line in the sand for today imho.

Short as long as the DTOP holds otherwise breakout to the upside.

Anek
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I'm going to try to hold this short until the cows come home at 84.5
 
Defnitely R10 day.

Seems like bots are just running it up and down while the humans watch TV.


Quote from Lawrence Chan:

Daytraders are still in control - rule of 10 working for the moment. :)
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Quote from jasonjm:

the vote on the bailout package is the stupidest thing ever

NO CAREER politician will DARE vote against it..... (even if its the right choice, im not saying that)

the reason is simple, if they vote against it, and the economy worsens (which it will most likely do anyways), the voters are going to throw their ass out for failing to help them.

so again, the vote is POINTLESS, pretty much every career politician is going to vote YES for bailout, pure and simple.
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What are you talking about?

The so-called “stimulus package” is a complete piece of crap and receiving resistance from everyone but the “four horsemen” in the Government.

Both the Republican and Democratic Senators are against it, as well as Congress, and on top of that, Freddie, Fannie, Lehman and AIG are being investigated for FRAUD by the FBI!

The Government Gets Tough
***

Back to trading:

Thanks for the charts Anekedoten, whether one is using indicators or not, the way the information is displayed in your chart is a “blueprint” for good, high probability trading.

Excellent commentary Buy1Sell2, you’ve steered the ship well while the market is going through its turmoil and the massive corporate malfeasance is being “price in” to securities. Even though you’re going by the pure technicals, you are reading the market correctly based on what is happening in the real world of business (if one wants to call it that!).
 
Quote from MandelbrotSet:

What are you talking about?

The so-called “stimulus package” is a complete piece of crap and receiving resistance from everyone but the “four horsemen” in the Government.

Both the Republican and Democratic Senators are against it, as well as Congress, and on top of that, Freddie, Fannie, Lehman and AIG are being investigated for FRAUD by the FBI!
More...


wow, its refreshing whenever I see such optimism....

this package is 100% going to pass, you are watching the equivalent of govt WWF right now.... its all fake

"we cracking down, FBI coming, we care so much about taxpayer money"

good show...... right before they pass the bill and boast about how much better they just made it

lol

and when that bill passes, I maintain we trade to 1300 on ES, before next leg down.
 
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