ES Journal Archive (2006 - 2008)

[BoyBrutus]

09/15/2008 16:04 *DJ S&P 500 Ends Down 57 At 1195; Biggest Pt Drop Since April 2000


09/15/2008 16:04 *DJ S&P 500 Ends Down 57 (4.5%) At 1195; Lowest Close Since Oct '05

09/15/2008 16:04 *DJ S&P 500 Ends Down 57; Biggest Percentage Drop Since Sept 01

Globex, maybe soon after Dax open, if it has a capitulation selloff could be a good buy at the mentioned levels also a 2nd gap



PPT NEWS JUST IN

09/15/2008 16:18 *DJ Bush To Be Briefed By Financial Markets Working Group Tuesday

 

[OldTrader]

Quote from Pachoo:

LOL, you are awesome at picking tops.

You have made me about $2,700 so far today. Thanks.

Regal is phenomenal. LOL. I'm still wondering what he did with that 1270+ long from last week.

OldTrader

 

[nyxtrader]

I said earlier, we could see 1183. No quite but good enough.

Hope everyone had a GREAT day.

 

[jasonjm]

Quote from Spectre2007:

capitulation is when the FED fails to cut interest rates...............



'a trend is when fundamental factors persist for a extended time interval...'

well the fed just told LEH FU

then they told AIG FU

so there is a chance they also tell the rate cut crowd FU

who knows I guess. I just know I don't think I have seen an open to close like this in ages.....

 

[ammo]

Quote from 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

halfway there

 

[Buy1Sell2]

Quote from Buy1Sell2:

Only looking long for the time being.

The last two hours negated the swing trend basing for now. No trades today.

 

[Specterx]

Honestly... capitulation? bottom? The daily charts don't look nearly as impressive as the headlines screaming biggest selloff in 7yrs. The PA today was nice and orderly, range not that huge compared to those couple days in Jan.

 

[newguy05]

Usually i dont listen to analysts much less cnbc, but this lady had me, because it just sounded so logical. Got in after hours at 1195 thinking there has to be a bounce above 1200 on first breakdown, got out at 1194 after watching the video. Just not worth it, holding cash.

When everyone is scared, it's time to buy? So who are the heroes buying right now.

http://www.cnbc.com/id/26724718

 

[Mvic]

I wonder how long before someone "gets" to her. Either gov "telling her" to change her tune or someone on WS. Pretty gutsy and very right/smart lady, I wouldn't want to be the one to screen her mail/calls though.

 

[atticus]

Quote from newguy05:

deal is done at $29. but i dunno if the market is a raging buy. Noone has any idea what's going to happen monday, because i dont think there has ever been a situation where systematic risk was tested in such a way.

A primary dealer going bankrupt..i will probably stay out of it. Will short gs/ms on pre market if they are not already down 5-10%.

Sorry, sarcasm. He did the same with Countrywide. BAC is the WCOM/ENE of banks.