ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Last 3 legs are multiple of 10 ... funny 
Boys, this is not falling where is lack of buyers. This is 3d world war between financial groups where algorhytm selling tries win over algorhytm buying.
Because under most attack are financials I assume that leading in attack are financial groups those want replace them in current financial system.
I can not help me but simple this is not falling when nobody wants buy.
Because under most attack are financials I assume that leading in attack are financial groups those want replace them in current financial system.
I can not help me but simple this is not falling when nobody wants buy.
Remember indices are mkt cap weighted animals.
Each day the financials dropping will reduce their significance in the indices faster and faster.
As most financials are worth next to nothing now, they are not going to push the indices much lower. Dow is the only exception because it is not mkt cap weighted.
That's why I said it must be a systematic failure to cause the mkt to crash like 87.
This selling seems over done. Long 1147/ Stop 1120
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