ES Journal Archive (2006 - 2008)

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It seems instis are deliberately holding this market up. A retest of lows is generally needed after a decline of this magnitude. They will do whatever they can to close up on the day for the exposure to the european markets.
 
Quote from apex82:

It seems instis are deliberately holding this market up. A retest of lows is generally needed after a decline of this magnitude. They will do whatever they can to close up on the day for the exposure to the european markets.
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Last day of the month perhaps ?
 
i think now everyone is awake and will trade the market more frequently, the best thing that came out of this is the volatility increase.

look for a 'w'/double bottom in the future, usually a double bottom needs to be confirmed before any significant move.
 
What the hell is this crap this afternoon... chop chop chop. The morning was real nice to trade.

There is more hedge funds then there has ever been. I think most are run by younger people and have never seen a real bear market. At this point I think they are just praying this market goes higher. They could easily throw in the towel soon. If we make new lows over the next few days there is definately a good possibilty of seeing a limit down day. Call me crazy.. but I always anticipate and then execute.
 
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