ES Journal Archive (2006 - 2008)

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Quote from wave:

Riddle me this batman. Are we forming a bottom here in the markets?
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I am very keen to cover short last lot here to reduce morning's losses, but I will be holding to b/e, I doubt very much that this is the end of last week's p/a.

P.S. they need people to load up at pivot
 
other macro markets behaving similar to thurs/friday in terms of correlation.

edit: Pit traders wont let this go, they will slam it into the close bent on breaking support levels.
 
Okay this is for all the news followers. All morning Bloomberg touting markets up on consumer confidence. Now they say markets down on sub-prime worries. cmon. How can anyone trade off the news?
 
I recently turned down an interview with one of the best in the HF industry. I told him I got into trading so I could take 2-3 months off and enjoy life with my family. KNow who you are and what you want.
 
similar to a 1929 blowoff phase is next....

the low end consumer, is becoming more tapped. The high end consumer is fueling the confidence. Hopefully a trickle down effect, will keep the low end consumer afloat.

the markets will trade back up to 1566 and make new highs, and then crash in January.

edit: 1470 was the initial reaction low, we just tested it.
 
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