ES Journal Archive (2006 - 2008)

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wave,
when you say "Longs still under 30-28," do you mean that the market is going to have to move down to that zone so all the people who got long at those prices abandon positions (create a selling capitulation)?
 
Quote from smilingsynic:

XLF has hit a new high on the day, after having early morning weakness (buying morning weakness after a significant decline is usually a smart move).

The financials have been a drag on the S&P for some time now. WB, for instance, is taking off. JPM has snapped back too.

Those who covered on this morning's weakness might well have caught the bottom (for now, at least).
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XLF threw up new highs and has hit new lows. Geesh. The albatross still sits there.
 
Quote from BoyBrutus:

What do you mean by 'analysis'?

thx
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I mean folks that try to decipher the markets based on interpretation of the events or news. Nonsense.
 
Quote from vertigo3:

wave,
when you say "Longs still under 30-28," do you mean that the market is going to have to move down to that zone so all the people who got long at those prices abandon positions (create a selling capitulation)?
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Fear and Greed will always have you doing the wrong thing. Those with deep pockets capitalize on it and make fortunes.
 
Quote from Spooz Top:

looking for the dow to retest 800 neckline........32/33 on ES...
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well we got there.....let`s see if it holds.....bears in control,making a stand at the 2 top @43.75.
 
Quote from Spooz Top:

well we got there.....let`s see if it holds.....bears in control,making a stand at the 2 top @43.75.
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Got there but you changed opinion? This is what I mean
"bears in control." Not good for trading. Who cares whose in control. Markets turn on a dime at the right places.
 
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