ES Journal Archive (2006 - 2008)

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Quote from kidPWRtrader:

Anyone got any financials they are looking at in this thread?

Interesting chart...
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I would look at the broader sector index..

expecting a touch of 30..for FOMC, Saudi Prince about inject a few more billion..into C..
 

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Quote from Spectre2007:

Chinese Government will goose its market up for the olympics...
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So they'll keep over paying for our long treasuries, they won't dump much the $1.0 trillion or so they have now, it will look like the Fed is leading and it will look like the long bond market is marching in step with the Fed. Given this, I think everything you guys say will happen -- 1600 + will be hit.
 
I have to agree as stated before market is trading in huge support.. especially the nasdaq. If it holds this week expect a move to new all time highs in the spx and a retest of the nasdaq highs before we get the massive 30-40% correction. However if we start heading lower I would sell anything you can get your hands on.. place a tight stop and let it ride...

Watch the weekly chart.....
 
whats really interesting on this board and boards everywere is how all are looking for a bounce. we heard the same battle cry last week and the week before. we've all become so conditioned to expect a bounce the last 5 years its frightning. we've had that magic hand(thefed,ppt team) underneath us for so long its almost become a god given right it will be there forever.i've heard no talk of the extremely low vix on friday nor the low put to call on friday showing major complacency. i guess the lone ranger is prince alawad saving cit bank. hey didn't abu dhabi just save them 10-15% higher? didn't somebody save bear sterns 50% higher? what happened to all those stock buybacks that would assure us the market would never drop?what happened to all the buyouts that would reduce are stock market float by 50%? weres $10 million a year cramer now after telling me to buy jpm at $50 are wb at $54? always remember were 5 years and 2 months into this bull market. its very long in the tooth. its been my belief that the market was interrupted in 2003 from entering a major capitulation were people dumped all stocks and funds in mass. because they interfeared the coming bear will be much worse. in the end before we can get a bottom people will hate stocks. the problem for day traders is will this shunning of stocks kill all volatility? nobody knows when this comes but its not far off
 
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