ES Journal Archive (2006 - 2008)

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Quote from maxni:

Awaiting the next regal pontification. Finito?

It was clearly a spelling error on Storm's behalf, he was under the impression it was Bull Stearns
 
07-26-07 02:30 PM

Longer Term VWAP says we go to 1200.

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"As the great crash approached, Livermore saw it coming. He went short big time. On Black Monday, October 29th, he went home to find his wife had pulled her jewelry together for sale and moved into the chauffeur’s house. From the news on the radio she had assumed he had lost everything and would need to sell their possessions to build a new stake and start over. Livermore laughed. He had just pulled off the biggest coup of his life. He made over $100 million shorting the market. In today’s terms, that is over a billion dollars."

Livermore said that speculation “is nothing more than anticipating coming movements.”
 
Buy stop has been lowered from 1410 to above 1343. This now ensures roughly 140 points gain on this trade with 2 commissions. --Holding short here.---:)
 
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