Stopped at 1259. 1255 is acting like a magnet.
ES Journal Archive (2006 - 2008)
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Stopped at 1259. 1255 is acting like a magnet.
emotional capitulation....only on the open if they will let it...
otherwise it will be a slow crawl down..
otherwise it will be a slow crawl down..
The psychotic price action of the last few days and weekend is indicative of an impending crash. Any buys in the near term future (tomorrow) would be for intraday trading only.
1200 would be a start, but 1150 sounds more realistic. 1150 would represent a 50% retracement off of 2002 bear market lows.
Long bear gamma, but not nearly enough . Looking to close if the VIX hits mid-40's.
Capital preservation is number one target, as always, but this price action and easy Fed remind me of '98, so will be looking to buy etfs when I see capitulation.
1200 would be a start, but 1150 sounds more realistic. 1150 would represent a 50% retracement off of 2002 bear market lows.
Long bear gamma, but not nearly enough . Looking to close if the VIX hits mid-40's.
Capital preservation is number one target, as always, but this price action and easy Fed remind me of '98, so will be looking to buy etfs when I see capitulation.
Nothing is perfect but i'll take your word for it
Let me try again...Limit long sitting at 1250.75
Guys,
When the spiral down is hitting hardest, you cannot step in front of the train.
Just check the currencies out, USD/JPY is heading for 90 at least. There is no stopping that from happening. The real target is 80 set 10+ years ago.
The only hope is that central banks will act at either 90 or 80 to stop the train.
Before that, ES will not be able to stop itself - unless of course LIMIT DOWN overnight.
Warning again - Newbies, do not touch this market unless you are prepared to loose some serious $$$.
Edit: I do not usually monitor the market overnight, it seems like I have to make an exception tonight. :eek:
When the spiral down is hitting hardest, you cannot step in front of the train.
Just check the currencies out, USD/JPY is heading for 90 at least. There is no stopping that from happening. The real target is 80 set 10+ years ago.
The only hope is that central banks will act at either 90 or 80 to stop the train.
Before that, ES will not be able to stop itself - unless of course LIMIT DOWN overnight.
Warning again - Newbies, do not touch this market unless you are prepared to loose some serious $$$.
Edit: I do not usually monitor the market overnight, it seems like I have to make an exception tonight. :eek:
MBusch... same measured move target area
Beautiful. Technicals tell me to take profits here (if only SDS traded AH). My sentiment tells me its possible we continue to plummet hard. My sentiment rarely makes me money... I'm going to compramise and just tighten my stop in the AM.
I agree Chan, this is more exciting than any of the crap they could possibly have on TV right now.
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