ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
When rich people start getting scared, it means they will become conservative in spending, and spells turns in the market. The new political onslaught will be against the rich, the mandates, will cut back liberal tax policies. All of this is bad for the market.
no floor in market.. circuit breakers will hit soon.
any thoughts on the open?
Down
lol optioncoach
funny how Goldman came out after hours to refute anything being wrong or NO earnings warning to be specific......was unable to trade most of day yesterday but the late day BS move to screw shorts forced me to cover 1/2 but maintained 1/2overnite.that move really tagged weak shorts or newly initiated ones.
they`re going to make it tough on the road to 1380/1400 with these manipulated rips from hell but we will get there.price action always informs us of where we`re going....it`s up to us to decipher bs & reality.
i believe before `07 is over we`ll have a situation that will rival 1929 & will go down in history as a significant incident in market history.the perfect storm is here with the feds hands tied.if/when the fed comes in & gives a surprise rate cut,it will end many trading careers in seconds as it did before but believe the euphoria will be short lived.it`s not the feds job to save the financial markets or bail out the creditors but to simply stabalize the economy/support the weakened dollar.
they`re going to make it tough on the road to 1380/1400 with these manipulated rips from hell but we will get there.price action always informs us of where we`re going....it`s up to us to decipher bs & reality.
i believe before `07 is over we`ll have a situation that will rival 1929 & will go down in history as a significant incident in market history.the perfect storm is here with the feds hands tied.if/when the fed comes in & gives a surprise rate cut,it will end many trading careers in seconds as it did before but believe the euphoria will be short lived.it`s not the feds job to save the financial markets or bail out the creditors but to simply stabalize the economy/support the weakened dollar.
- Status