ES Journal Archive (2006 - 2008)

[kinggyppo]

spy after hours due to Fannie .

 

[opt789]

We trade 1216 today and all the pundits talking bearish today, now we are supposed to open around 1255. Sunday night should be interesting.

 

[razf1]

Breaking news...

"The government informed the two mortgage-finance companies that it is preparing a plan to seize them and place them in a conservatorship, officials and executives said...."

http://www.nytimes.com/2008/09/06/business/06fannie.html?ref=business

 

[Decel]

Well, after a week like this week, I don't see how the government can *not* have to CPR the two companies.

 

[Lawrence Chan]

Was not there in the last hour.

No real buying into the close, seems like many people wanted to get out of their longs before the week is over.

Edit: Why do we always get this kind of wonder news in the weekends lately, to burn the most # of "bad people who short the market"?

 

[bbqbbq]

Quote from Lawrence Chan:

Was not there in the last hour.

No real buying into the close, seems like many people wanted to get out of their longs before the week is over.

Edit: Why do we always get this kind of wonder news in the weekends lately, to burn the most # of "bad people who short the market"?

government hates shorters?

 

[regal_2012]

Quote from bbqbbq:

government hates shorters?

you dont know that by now?

welcome to the Game.

 

[dstod]

ES hit a high of 1276. Now at 1268.50. Unreal considering we were just at 1216 Friday morning.

This volatility is insane.

 

[elovemer]

....edit.... [very] nice

Quote from elovemer:
....nice....(possible wave 2)

 

[riskymove]

Quote from dstod:

ES hit a high of 1276. Now at 1268.50. Unreal considering we were just at 1216 Friday morning.

This volatility is insane.

Y - the volatility is crazy. At least we know one thing for sure - the big boys were all tipped off by midday friday it seems, as it was imo the craziest buying spree I have ever seen given the economic and trading backdrop that transpired last week. No one would have been going long over the weekend unless you knew the plan was close to a done deal. Ah to be a BSD...

Oh well - perhaps this will set up some better trades that can be held for a while. This could be the push for the election.