ES Journal Archive (2006 - 2008)

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I just read the funniest comment on one of the other threads.

Soon the fed is going to open the discount window to every individual in the states
 
1230 is the holding point for longs. They know there are stops there and they may even take them out and runn it back up again.
 
They are going to take the 1230 stops out. Short under the preceding trough @ 1239 or so. 1230 will be a big bounce up.

They stopped shy of 1260 for a reason. Huge breakout above 1260.
 
It looks that way, right after that the fed will confirm the news.

Quote from wave:

They are going to take the 1230 stops out. Short under the preceding trough @ 1239 or so. 1230 will be a big bounce up.
 
Here is a monthly spy chart, that double bottom broke at 126.00. How much of a retrace will be forthcoming? A 50% retrace from the top at 157.52 to the beginning of the bull run in '03 would be 117.12 ouch.
 

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Quote from Spectre2007:

if you see financials uptick, cover any shorts quickly..

all the losses can be wiped out for today on the indexes...

secondary to the previous support being touched but not breached.


posted at 2:34 ET time..

check what happpened afterwards.. :)
 

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