ES Journal Archive (2006 - 2008)

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Quote from 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.
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They just cut LEH off, not Wall Street :)

Edit: what if AIG get a "sudden" deal later today?
 
From past experiences, I think a good time to buy will be around 1100-1130AM

just observe the action the first couple hours, dont trade at all

then just before midday, there should be an oppty to go long and stay long
 
Quote from BoyBrutus:

Feels like a bull trap, maybe WM/LEH news over the weekend.
Gap open....
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Very nice market forecast, BB. Hope you were able to make some serious cash off of this great call.:)

Happy trading.
 
Quote from Lawrence Chan:

They just cut LEH off, not Wall Street :)

Edit: what if AIG get a "sudden" deal later today?
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No but they sent a message saying that, there is no more money for wall street.
 
Quote from ForrestGump:

Very nice market forecast, BB. Hope you were able to make some serious cash off of this great call.:)

Happy trading.
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Momma always said a trade is like a box of chocolates you never know what you're gonna get :D
 
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.

My stop is at 1197 and no current target on this one. I expect to close out near the end of the trading day.

If we do get below 1200 and stopped out I will be looking at placing a much small stop larger contract trade with better r:r.
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Stop raised to 1222.
 
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