ES Journal Archive (2006 - 2008)

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Good calls today Satchel. I for one would appreciate a bit more depth of knowledge on how you're making those excellent calls - perhaps charts. Thanks
 
Quote from 3dog:

That is one scary looking chart! Here's one possible scenario, which would end in a final death plunge before the election.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1963144>
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Nice projection so far.
 
2 levels i'm looking at for next week:

1301
1274

i think we hit one or both next week. if it weren't for fed, i'd say bounce at 1300ish, but with fed, i don't know.

my best guess is big drop monday, capitulation, then bounce. but this could go awry b/c of fed. we shall see....

now i'm really going out on a limb, but...i think we see low of year in august. have not seen bottom yet.
 
Quote from smilingsynic:

The fact that the market has not bounced strongly off of this level but, rather, seems to be hanging around it suggests more downside. 1315 by Friday, anyone?
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:D

Back from the beach. Some slobs mooned everyone, and then took bottlenecks with them while swimming into the surf.
 
Quote from skyriderfox:

I may be in the minority, but I think we get a small bounce here.
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The equity markets are basically forcing the Fed to hold rates. There is no way the fed can raise rates when the markets are in the tank like this. I wish I had thought about this last week instead of just realizing it this weekend, could have been some easy money made.

Once rates are confirmed, I think we move to retest 1340.
 
Quote from jagmot:

The equity markets are basically forcing the Fed to hold rates. There is no way the fed can raise rates when the markets are in the tank like this. I wish I had thought about this last week instead of just realizing it this weekend, could have been some easy money made.

Once rates are confirmed, I think we move to retest 1340.
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Well, since I went long from 1328.5 and 1317.75 with an average price of 1323.12 last week, I'll be quite happy if your target of 1340 becomes reality.
 
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