ES Journal Archive (2006 - 2008)

youngtrader · Mar 16, 2008

covered everything at 1300

God I love this game!!!

joeyata1 · Mar 16, 2008

sweet ass stunning night. made 22 going up and 6 going down. night over early. actually a crash wouldn't suprise me tommorow as fed interfering again with a rate cut tonight

trader_arb · Mar 16, 2008

Quote from joeyata1:

sweet ass stunning night. made 22 going up and 6 going down. night over early. actually a crash wouldn't suprise me tommorow as fed interfering again with a rate cut tonight

True, and every single time the fed has cut rates since august, there has been a 1-2 month delay for more terrible news to come public...

riskymove · Mar 16, 2008

My two cents is that given the stunning take UNDER of BSC by JPM, the fed had to cut - or else we could certainly crash. Anything is possible though.

iloveoptions · Mar 16, 2008

Cutting rates on a Sunday night is quite unprecedented for the Fed. They could've easily waited till Monday for this measly .25%, but obviously they're trying to send a strong message to the foreign markets not to sell off overnight so it wouldn't affect our markets tomorrow. The question is, will they succeed?

opt789 · Mar 16, 2008

Put two things on a seesaw, on one side you have BSC getting sold for $2 per share which is one tenth what some had expected, and on the other a seemingly desperate quarter point cut by the fed in the discount rate. Which one wins? What, pray tell, would the market have done Friday if the $2 price was announced then?

atticus · Mar 16, 2008

Quote from atticus:

Covered half at 1306.00 for +20 handles.

I'm out of the remainder at 1292.00. +13 on the full position.

just21 · Mar 16, 2008

Quote from iloveoptions:

Cutting rates on a Sunday night is quite unprecedented for the Fed. They could've easily waited till Monday for this measly .25%, but obviously they're trying to send a strong message to the foreign markets not to sell off overnight so it wouldn't affect our markets tomorrow. The question is, will they succeed?

And the ES is about to test the session low after an unprecedented rate cut.

ammo · Mar 16, 2008

could mean they wont kut on tuesday ,very bearish if it means they want to save bullets and let the mrkt correct

detective · Mar 16, 2008

Quote from riskymove:

My two cents is that given the stunning take UNDER of BSC by JPM, the fed had to cut - or else we could certainly crash. Anything is possible though.

How do you know this? You are fear mongering. You have no idea what would have happened without ANOTHER emergency Fed action. No idea. Maybe the market would gap down, is that the end of the world? Oh no, Asia market sells off again, we are going into a Great Depression!!!!!!!!!!!!!