ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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morning period is for the shorts to be loaded up for the afternoon friday squeeze.
dow 14K rah.. rah rah...<--- gets his pom poms out.
ohh...forget about those nasty industrial earnings component surprise.
if friday doesn't close reasonably positive, look for a bad monday. People will mull over the earnings miss, dollar woes, and oil at 80 dollars per barrel and all those nasty implications.
dow 14K rah.. rah rah...<--- gets his pom poms out.
ohh...forget about those nasty industrial earnings component surprise.
if friday doesn't close reasonably positive, look for a bad monday. People will mull over the earnings miss, dollar woes, and oil at 80 dollars per barrel and all those nasty implications.
similar conflicting situation similar to '87 as the weekend approaches, and similar worries.
plunge protection team, calling... ppt..... =)
plunge protection team, calling... ppt..... =)
futures are more reflexive and stocks and etf's lag.
edit: remember all the crap this market blew through, but that was before the bad earnings surprises, without earnings whats the market left with?
edit: and I thought it would be a quiet friday.
edit: the news is in, now the market can run the shorts.
edit: remember all the crap this market blew through, but that was before the bad earnings surprises, without earnings whats the market left with?
edit: and I thought it would be a quiet friday.
edit: the news is in, now the market can run the shorts.
In a similar vein, Santelli was interviewed this AM with some iconic old-timer trader, I forgot his name. The old-timer said he learned to never fight the fed and never fight the market. He then went on to say that the last nine months or so, the market as a whole has been fighting the fed; this mentality will revert. The market is starting to make this adjustment.
Maybe my "this feels contrived" comments in the recent past have basis.
Good trades to all
Osorico
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