ES Journal Archive (2006 - 2008)

[pulsescan]

I have not seen this kind of volatility since the 99-2000 era of the bubble. This could get VERY ugly folks. We will need to use volatility stops that are wide enough not to get stopped before this thing collapses to the downside.

 

[princessa]

Quote from volente_00:

I gotta go cuz a got me a drop top !


You are bringing back my boom box carrying break dancing days.







:eek:

huh? boomboxes were in the 70's, yeah? i know you're not that old....

 

[ammo]

try to put yourself in the ppt's office,or bomb shelter,what would you be cooking up for today to give this extreme pessimism a day to cool off,the banks are in trouble so we run up whatever fnm's biggest asset is and then dump it ,that will give them a few hundred billion,can't be oil cuz that would take the mrkts down,it'll be a surprise,can't wait

 

[Lawrence Chan]

Quote from pulsescan:

I have not seen this kind of volatility since the 99-2000 era of the bubble. This could get VERY ugly folks. We will need to use volatility stops that are wide enough not to get stopped before this thing collapses to the downside.

Think about the huge 20 pts swings intraday in Aug last year.

Everything got magnified at least 5 times!

 

[Spectre2007]

market works in 'time windows', the current time window is wide enough for significant destruction,

the windows are dictated, by closest support resistance plus news environment..earnings..

 

[gwac]

Interesting that the futures are holding up, not sure how or why.

edit
Maybe walmart is helping out

 

[wave]

I've been touting the 1200-1150 area back from July 2007. We are nearing it. This area will produce a massive Wyckoff spring. If it fails, many of us will see times that only our grandparents can tell stories about and the S&P will go to 800-750.

 

[ammo]

wave just using u as an example for sentimental reasons,this sentiment is rampant across the boards,what usually happens when we see this.....up,up, and away

 

[trader_arb]

Quote from wave:

I've been touting the 1200-1150 area back from July 2007. We are nearing it. This area will produce a massive Wyckoff spring. If it fails, many of us will see times that only our grandparents can tell stories about and the S&P will go to 800-750.

So basically we can go up a lot or down a lot. How do you trade this? Are you short now? Stop? Target for upside?

Serious questions.

(Did you hold short during rally from 1250-1440? I'm sure this blasted most shorts out of the water)

 

[smilingsynic]

Quote from wave:

I've been touting the 1200-1150 area back from July 2007. We are nearing it. This area will produce a massive Wyckoff spring. If it fails, many of us will see times that only our grandparents can tell stories about and the S&P will go to 800-750.

There's already a Wyckoff spring: right at yesterday's day session low. They did this to the S&P yesterday at Tuesday's high (upthrust), to crude yesterday (upthrust), the Hang Seng overnight (also, upthrust), and now the S&P today.

Never ends.