ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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http://biz.yahoo.com/ap/070808/bush_economy.html?.v=3
Bush confident of Market Recovery
Good enough for me. Going short AH. Confirmation was weird ass closing rally. Tight stops of course.
Bush confident of Market Recovery
Good enough for me. Going short AH. Confirmation was weird ass closing rally. Tight stops of course.
You know, I looked at the time stamp on that announcement. 15:28 ET
Right when the markets rallied. Such BS collusion. If Ben's comments weren't enough to relax the lemmings, Bush comes out the next day and does the same. I guess that means he'll do everything he can to stop a decline?
Got to gear up for the elections and primaries, need a strong market to claim you did this or that.
I dont typically look for reasons, ie I let price action speak for itself, but wasn't the excuse for the selloff rumors of an "announcement" by Goldman Sachs, and when they said, "no announcement" market recovered ?
My computer running tradestation still gets overlloaded when price action picks up. I am going to have to shut down everything else (browsers and spreadsheets) to keep the charts going.
My computer running tradestation still gets overlloaded when price action picks up. I am going to have to shut down everything else (browsers and spreadsheets) to keep the charts going.
the economy is running on fumes, I sense it in day to day dealings and observations, but irrespective of this, the MM's can run stops till most everyone's are taken out.
others are sensing this too, and placing trades according to the macro economic implications. And these trades become fodder, for these volatile days. A cascade where most everyones stop gets hit whether it be a bull or bear.
I have short positions which I will scale into at each leg, as the trade meets the economy. When the R /recession word is bandied around, the market will have discounteded it with lower prices by then. By then most of the move will have been too swift to catch.
others are sensing this too, and placing trades according to the macro economic implications. And these trades become fodder, for these volatile days. A cascade where most everyones stop gets hit whether it be a bull or bear.
I have short positions which I will scale into at each leg, as the trade meets the economy. When the R /recession word is bandied around, the market will have discounteded it with lower prices by then. By then most of the move will have been too swift to catch.
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