ES Journal Archive (2006 - 2008)

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Quote from jagmot:

B1S2 - your view in the past has had you exiting longs over the weekend but holding shorts (at least when trading ES). Has last nights gap (and also 3/24 on BSC bailout) changed your view?

Curious. TIA
Jagmot
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No----especially when trend is down.
 
CNBC just reporting that Fannie initially objected to Hank's bully tactics, aptly described as government "mugging" which Bill Gross justifies as "right thing to do." I wonder how much Fannie and Freddie notes Bill is holding?

Now 10 minutes later: Bob down at the NYSE claims that, despite the much hooplas made by permabears that the Uncles Bernie and Hankie effectively ran out of ammunitions, the Government is "proactive" nonetheless. Can anybody other than agent morons define what "proactive" means?
 
Quote from Lawrence Chan:

Since hearing the news about the bailout, and that indices are up huge, my 1st thought is that I do not want to trade the US indices anymore. A "centralized planning" on index values that is updated everyday according to government official figures is not the same market we've traded for all these years.

:(
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I couldn't agree more. I got *&^(ed friday on that up move. And while I am definitely not the best ever, I have an okay track record. It was obvious there were some big guys that knew about the plan before the close friday, then all shorts get totally screwed - on action that looked like it had a higher probability of a major leg down than anything else I have seen. So for me, I am done with the index futures for a while at least. I trade a lot of stocks and options so I am focusing my efforts there until it seems 1) things have settled down a bit and 2) setups can be more trusted.

Just my two cents.
 
Did you hear about the UAL story today, a lot of people got screwed. Paper post 6 year old story, stock plunges to $3 and then rebounds back to 11 when the paper admitted its error.


Quote from riskymove:

I couldn't agree more. I got *&^(ed friday on that up move. And while I am definitely not the best ever, I have an okay track record. It was obvious there were some big guys that knew about the plan before the close friday, then all shorts get totally screwed - on action that looked like it had a higher probability of a major leg down than anything else I have seen. So for me, I am done with the index futures for a while at least. I trade a lot of stocks and options so I am focusing my efforts there until it seems 1) things have settled down a bit and 2) setups can be more trusted.

Just my two cents.
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