ES Journal Archive (2006 - 2008)

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Quote from vertigo3:

wave,
are you saying that you expect price to have to clear out longs by going below 1435 today before meaningful run to upside?

I see you ate your wheaties this morning vertigo. Yes
 
Quote from joeyata1:

200 da ma around 1448. this is setting up like1987. three 200 pt down days last week and 150 today. once we cut threw 1448 we head to 1400 fast as panic sets in. there's $200 billion of mortgages at risk right now with more by the day. you ask why this matters. hedge funds are selling stocks to meet mortgage fund redemptions. It's truely a perfect storm that was set up by eyars of greed and overleverage. now that leverage is being reversed and with it comes pain.

IMO this is the "800 lb gorilla in the room" that no one wants to admit is sitting there. You can't pull one strand of the global financial web without moving the whole web - contrary to all of the "experts" telling you blowups and meltdowns can be "contained to their specific area of the financial markets". Anybody in ES journal come from the buyside of fixed income markets want to share their thoughts on this?
 
Quote from wave:

Are you riding this with me. Not even a hey thanks. Are we so ungrateful?
Who, me?

I'm trading my plan, but thanks anyway. It does make me feel good when my work and yours agree.
 
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