ES Journal Archive (2006 - 2008)

saxon22 · Oct 3, 2008

Buy the rumor, sell the news. Almost as reliable as the rule of 10.

stella · Oct 3, 2008

wow.. new weekly low :eek:

Zodiac4u · Oct 3, 2008

1112/21%, 1101/38%, 1095/50%, 1088/61%, 1079-80/76%,
1065-1066/100%........

stella · Oct 3, 2008

Quote from Lawrence Chan:

Once the probability of closing above upper range of the week failed, there is no reason not to liquidate positions to raise cash to deal with redemption over the weekend.

they have about...an hr and a half to fix this. now that the gap has closed, a convincing push above the gap shows strength. lets see what happens.

Lawrence Chan · Oct 3, 2008

Over the weekend people will start to truely think over the impact of the bailout plan.

If it can indeed do what it is suppose to do, we may avoid "much" further downside in the mkt afterall.

Edit: As stated before in this thread, once 1160-1180 was taken out, I deem 1080 the first level of support.

BoyBrutus · Oct 3, 2008

Quote from BoyBrutus:

10-02-08 03:44 PM

1113 will put in a nice Double bottom for the market (or on SPX). Then all the sheep can get long for the next 4 months

I'm thinking of the hammer the market put in at the August lows last year. It was so obvious after the fact but no one seemed to notice during that period.

The SPX 1206 DB just needs to hold

newguy05 · Oct 3, 2008

or the benny copter swoops in.

pulsescan · Oct 3, 2008

Quote from Lawrence Chan:

Over the weekend people will start to truely think over the impact of the bailout plan.

If it can indeed do what it is suppose to do, we may avoid "much" further downside in the mkt afterall.

I'm not so sure that the bailout bill will be able to convience enough people to start investing in the stock market, especially since earnings season is set to begin next week and is expected to be dire.

startraitor · Oct 3, 2008

Long 1115, 10 pt stop or exit eod.

kinggyppo · Oct 3, 2008

long spy 110.94 $1.00 stop