ES Journal Archive (2006 - 2008)

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Quote from newguy05:

Wtf are those guys serious. After all this over the weekend, they downgraded aig? Glad i got out, tomorrow will be insane.
This might be shortsighted, but I believe the AIG story has already been baked into today's market. However, here's what I think would or will trip a lot of traders tomorrow. I think Bernanke will do something totally unexpected, whatever that may be.
 
Quote from emini.guru:

Unfortunately fills were obtained around market close and afterhours, therefore the position will remain active until 4PM Tuesday close or 3% catastrophic 1145.75 stop.

1200 10 cars limit filled
1190, 20 cars limit filled
1180, 40 still pending

Emini Guru

The scale in long position is now complete.

1145.75 catastrophic stop (3% risk of account)

Tuesday 4PM EST Close final target

No scaling out will be performed and no stop adjustment.

Emini Guru
 
Quote from Spectre2007:

the best game plan for MM's is to lock it limit down tonight.

maybe they will make it illegal to be short index futures.. and launch investigations into aftermarket pounding...of futures... similar to oil derivatives.

They should investigate themselves, am I the only one who thinks the last 30 minutes of Friday looked 'artificial'?

LEH was known to be on its last legs, maybe price only gapped down so hard because 'they' ran it up to 1259 on Friday rather than letting it drop to 1230-1240. Other than high volume there was imo nothing weird or panicky about the action today.
 
Quote from emini.guru:

The scale in long position is now complete.

1145.75 catastrophic stop (3% risk of account)

Tuesday 4PM EST Close final target

No scaling out will be performed and no stop adjustment.

Emini Guru
Just in case you're mathmatically challenged, in the unlikely event of a major catastrophe, namely being stopped out, your total possible loss would be $139,875 (excluding commish and other fees).
 
Quote from saliva:

Just in case you're mathmatically challenged, in the unlikely event of a major catastrophe, namely being stopped out, your total possible loss would be $139,875 (excluding commish and other fees).

Perfectly aware of the risk and I would not trade any other way.

Emini Guru
 
I don't post much, but this deal is different. In 1987 a total collapse was averted by 4-5 hours, close call. This time the entire globe is involved in this economic upheaval. There's a ton of stuff going on behind the screens that isn't making the wires, if it isn't successful this will get about as ugly as it can. I'm not trying scare or sway anyone, just telling it as it exists. I don't have a position at the moment either way. One last thing, you won't believe the speed this will generate if it goes south. Good and CAREFUL trading to all.
 
holding cash, too much unknown. If ben chopter flies in or aig buyout before open tomorrow shorts get screwed, otherwise this thing will drop like a rock.

My only trade will be premarket if it's still only down <20 pt and gs earning is nonevent(worse or meet expectation), will short into market open with hand on the close button in case of news.

will start thinking about catching the knife when vix heads to 37+ and volume gap, otherwise i rather miss the bounce then catch this thing.
 
Quote from limit:

I don't post much, but this deal is different. In 1987 a total collapse was averted by 4-5 hours, close call. This time the entire globe is involved in this economic upheaval. There's a ton of stuff going on behind the screens that isn't making the wires, if it isn't successful this will get about as ugly as it can. I'm not trying scare or sway anyone, just telling it as it exists. I don't have a position at the moment either way. One last thing, you won't believe the speed this will generate if it goes south. Good and CAREFUL trading to all.

Crash is not allowed :)

The only reason why some firms failed because the governments are not cornered yet.

If they are cornered, they will do anything - including calling short sellers criminals, if needed, to stop their political careers from beings threatened.

Edit: If my memory is correct, during last financial crisis, some countries make sure people only buy stocks at higher prices or they go to jail ...
 
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