ES Journal Archive (2006 - 2008)

[dottom]

Quote from dstod:

IB showing a low of 1211 on ES. Is that accurate? Lowest I saw was 1218.

9/14 23:26 EDT - 1210.75

9/15 00:32 EDT - 1212.00

9/15 00:59 EDT - 1212.00

 

[BoyBrutus]

Quote from saliva:

Spectre, this is my take on the longer-term perspective. This is a 5-year weekly chart of $SPX.

BTW don't expect me to be back here anytime soon.

Thanks Saliva

As SS said
"1150 would represent a 50% retracement of the 2002 bear market lows."

 

[MandelbrotSet]

Quote from jagmot:

Just went long 2 contracts at1216.75 (currently at 1218) as I believe the worst is finally coming to a close. It now looks like the rest of the banks will not let another big bank fail with their 70B lifeline.

I see a ton of upside from here, just when the panic is setting in ...

 

[vertigo3]

Mandelbrot,
you see Wed (9-10) chart action on the chart you posted?

why can't that happen again today?

 

[tommymoose]

Quote from osorico:

You are not describing a reasonable trade (you define what the reasoning is), you are describing fear of a gap.

Go south young man, go south.

Osorico
01:00am EST, ES @1212.00

The ES did decline about 7 points to within a point of its lows in about 15-min after I posted that. I'm not sure what you meant about a reasonable trade?

Have you ever had a position on when a major surprise announcement was made in the middle of the night? I have not, but I'd imagine that my stop of ~2 points would end up getting me around 6 points or so, skewing the R/R of the trade. I'm not speaking from experience though, just a guess.

 

[regal_2012]

Quote from MandelbrotSet:

I see a ton of upside from here, just when the panic is setting in ...

me too, this is going to be a position trade held for years.

a major Bottom is being put in as we speak

 

[GTS]

Quote from regal_2012:

me too, this is going to be a position trade held for years.

a major Bottom is being put in as we speak

http://www.elitetrader.com/vb/showthread.php?s=&postid=2051552#post2051552

Quote from regal_2012 09-03-08 10:56 AM, ES @ 1275:

system says we put in a major bottom this morning

I mean like a multi year bottom

serious uptrend from here

Keep calling for it - I'm sure one of these days you'll get it right.

 

[nyxtrader]

This isn't the bottom. What has kept this alive until now, is the bailouts by the government and now they cut Wall Street off.

I just hope there is no rate cut.

This could get really interesting to see this pan out. 1183 isnt out of the question today...given the government doesn't step in.

 

[ammo]

on a quarterly chart, 1937 high of 18,1965 high of 92,1987 high of 318,spx cash,connect the dots,, support at 1130-35 area

 

[Lawrence Chan]

Why always choose to "do something" in the weekends?

The situation is very odd ...

1. MER got bought out at 2x closing price by BAC (part of Dow)
2. LEH go under
3. AIG (it is part of Dow) still seeking capital

Most people sell over the weekend thinking of #2.

Those who are buying probably because of #1.

To me, #3 is the real cause of the indices dropping like a stone.

LEH going under or not is not important, just media B.S. Many counter parties refused to trade with them for months. Many more refused to lend $ to them already. No big impact except the massive layoff of their workers ... trickle down to the service sectors in the area around their offices.

I can tell that something very interesting may happen ... AIG will likely be saved by Fed, again, just like Bear. Let go of LEH could be for other reasons as LEH was never part of the "gang".

JSS and Spec may get their limit down day afterall.