ES Journal Archive (2006 - 2008)
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Oct 1987 anyone? only difference is that the banks had to inject 100's of millions of $ of liquidity in order to get the CME to reopen the day after black monday. If fed doesn't do something pleasing to the banks,... lets just say 'not good'..
1987 week pior dow had lost 10% and then 500 in one day and we are spooked about 400pts with our mkt 6+ times the size it was then. lets see at least 1000 pt loss coming in the dow.
p.s. can't believe CNBC showing ".... Buffett, business nation, etc..." while Bloomberg actually has the news .
1987 week pior dow had lost 10% and then 500 in one day and we are spooked about 400pts with our mkt 6+ times the size it was then. lets see at least 1000 pt loss coming in the dow.
p.s. can't believe CNBC showing ".... Buffett, business nation, etc..." while Bloomberg actually has the news .
Callmate, back in Feb it was worldwide prepped by histogram on daily showing a failure swing, this, today, on Martin Luther King Day, ouch, I didn't see it coming quite frankly, I wasn't going to trade at all today
In Feb I captured about 200 points move in fDAX
What I meant to say in respect of China is that not necessarily a trigger, but their growth was way too quick recently, that has put it in a daily divergence. On short term charts this is important - sorry for bold print - The quicker a divergence is put in place & the more the range expansion is in that divergence - the more reliable signal that is to expect a major retrace
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