ES Journal Archive (2006 - 2008)

[ammo]

great trade jag, looking for bounce here on premrkt vol in es, 330k 3 times avg, buyers are about

 

[kinggyppo]

looking for 125 on spy.

 

[kinggyppo]

I am suspicious of some fund liquidating, remember after dumping 30 points on es yesterday there was another pile drive down 10 points after hours, which is pretty damm rare, that tape yersterday reminded me of March 17, endless downticks. Just an opinion.

 

[smilingsynic]

The real-time open is being tested, after an upward bounce. If this higher low holds, look out above.

NOW I have to go.

 

[ammo]

7/2006 ,3/08 lows and 10/07, 12/07 hi's, tl on naz has support here, smh july 06 and jan 08 lows tl support here ,spu's should follow after they(naz and smh ) consolidate,mentally still overly bearish looking for 1134 spu,but for now a bounce

 

[kinggyppo]

long spy 122.90 discretionary stop.

 

[saliva]

Quote from kinggyppo:

I am suspicious of some fund liquidating, remember after dumping 30 points on es yesterday there was another pile drive down 10 points after hours, which is pretty damm rare, that tape yersterday reminded me of March 17, endless downticks. Just an opinion.

I would suggest that you simply follow the oil market. FWIW

As you're fully aware, this market shouldn't be shadowing the crude market but it is. This portends some bad omen down the road IMHO.

 

[kinggyppo]

Quote from kinggyppo:

long spy 122.90 discretionary stop.

out 123.05

 

[kinggyppo]

true but the tape yesterday was much different. We have been hearing about slow growth. Armeggedon, etc for over a year now what has changed in the last day?

 

[saliva]

Quote from kinggyppo:

true but the tape yesterday was much different. We have been hearing about slow growth. Armeggedon, etc for over a year now what has changed in the last day?

The reason for the selloff, at least from a technical point of view, is that the uptrend has been effectively shattered -- not because of the same ol' employment driven armaggedon nonsense.