ES Journal Archive (2006 - 2008)

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Quote from Jaxon:

USZ07 5 Min 112 4/32 -24/32
TYZ07 5 Min 109'18.5 -0'06.0
FVZ07 5 Min 107'02.0 0'00.5
TUZ07 5 Min 103'12.2 0'01.2


muchly steeper yield curve
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curve started getting steeper even before the decision... =)

hmm.......about an hr or so..

edit: it was more evident in futures.
 
Quote from saliva:

Let's not forget the Greenspan's infamous "surprise, surprise!" rate cut that only left the market imploding afterward. Once the dust clears, that is, if the market is in dire straits as the Fed is implying, it's the bulls who will get raped and some more.
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Eventually, perhaps.

But think of the fund managers who have had a poor year because of the two big drops this year. They are going to want to make up lost time so they can finish the year off big. How better to do it than by a massive rally in which buying begets more buying, and so forth.

I would not want to be going up against that!
 
Quote from islands111:

any shorts still alive?
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was there anyone on this thread who said they were going to hold short into the meeting...I really don't think so.

Also, every time the market goes up are you going to ask that? What is your position btw, I don't recall where you put your buy on.. for all we know you are holding long from 1500s (sept) praying and/or just getting back to even.

Edit: there are a few posters who were short on the P&L thread but they all look fine.
 
I countertrend trade at weekly highs/monthly highs.

We probably test 1540's...or even higher, before the year is out, has real potential for 1600 as long as economic news doesn't raise inflationary fears/recessionary fears(goldilocks ideal).

the street has a habit of washing out the signal(buy) by countering the dominant trend after a FED move.

the least amount of risk is to wait for a nice retrace to 1500 or 50 day MA before playing swing trades.
 

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Congrats to all those that made a boat load of money! I was too concerned with risk to the downside to get long and was flat for the announcement. I did still make plenty of money and beat my goal for the day although obviously left some decent money on the table.
 
Quote from apex82:

stopped out of pxp..... may reenter tomorrow if I see a trigger. This market is heading for resistance zone 2 marked on the chart I posted last week. 1537-1540
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"what a freakn bar.... tomorrow time to play the short side"

Are you waiting for this resistance zone 2 to short?
 
At least my investment portfolio is up on the day. :)


Interesting, portfolio matches high water mark of July 19 when the stock indices had their closing highs (DOW 14000)

One major difference between July 19 and today is the UST long bond is 4 or 5 points higher today.
 
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