ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from smilingsynic:

I do not understand the bearishness here. Today so far comes across to me as consolidation of yesterday's strong move (actually, strong two-day move). If the market closes below 58, I'll take my bullishness back, but 95 and perhaps even 1525 still look like they will be here before the New Year.
More...

Time to close out some longs.
 
One of my rules applicable to all markets (but especially the Hang Seng) is this:

"When the market gaps up, and then trades down to a point that there is a swing low above the gap, there generally is at least another strong move up for the day... Gap (or strong move) plus mid-day consolidation equals late afternoon continuation."

Clearly there is an attempt right now to close the gap. If/when that attempt fails, I will be looking to go the other way.
 
"U.S. Treasury Secretary Henry Paulson is negotiating an agreement with banks to stem a surge in foreclosures by fixing interest rates on loans to subprime borrowers, according to people familiar with a meeting he led yesterday.

Citigroup, Wells Fargo and Washington Mutual Inc. executives attended, said a person present, who spoke on condition of anonymity."

This is why you always trade with a stop....can't predict the interfering in free markets s#$t
 
Quote from [Proximo]:

Because the market is manipulated.

Anytime Bernanke speaks or has a meeting load the boat long.
More...

Ever notice that when Bush speaks the dow is good for a 15 -20 point drop, uncanny!!
 
Status
Not open for further replies.
Back
Top