ES Journal Archive (2006 - 2008)

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Start shorting the credit card companies. The party is over folks. Prepare for a New America. No more false economies, false lifestyles, racking up credit debt. It will be tough days coming for many, but a cleansing was needed. Perhaps folks will begin enjoying the things that really bring happiness into their lives.
 
Funny how excuses are made by the politicians now as they see the market pressed all the way lower.

Do you think their supporters will still support them to say no when ES is another 50 pts lower?

More news driven trading going into October, historical a very weak month. Not good.
 
Quote from pulsescan:

According to CNBC there is a HUGE crowd of traders at the NYSE with large lot sell orders about to hit he market!!!

Look out below.:eek:
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I wouldn't want to be a net seller, when the worst fears are being imagined.. in those situations the rubberband gets stretched for a snap back.
 
The lady in the green jacket on the NYSE floor looked very very nervous. I think we are about to see a hyperparabolic selloff like you have never seen before. That's when I look to buy.......maybe......or maybe not.:D
 
Quote from wave:

Start shorting the credit card companies. The party is over folks. Prepare for a New America. No more false economies, false lifestyles, racking up credit debt. It will be tough days coming for many, but a cleansing was needed. Perhaps folks will begin enjoying the things that really bring happiness into their lives.
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lol, just for fun I went to one of the local banks, and asked to withdraw 6 figures in 100's. The bank said they didn't have it on hand, but would be able to accomodate it if I phoned in advance.
 
Quote from Spectre2007:

lol, just for fun I went to one of the local banks, and asked to withdraw 6 figures in 100's. The bank said they didn't have it on hand, but would be able to accomodate it if I phoned in advance.
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I spoke to my friend at the local bank here as well today, they are overwhelmed with the requests and concerns.

http://www.fireproofsafes.com/
 
Quote from Spectre2007:

I wouldn't want to be a net seller, when the worst fears are being imagined.. in those situations the rubberband gets stretched for a snap back.
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I say we close below the low of the day. If that occurs then we can get on with trading as usual. If not the mkt will continue to selloff hard to the downside the rest of the week like 9/11.
 
Quote from newguy05:


i have finished building my position by legging into 1130 1250 strangle, with a bias on upside. Will be holding this over the weekend.
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i just covered my put leg at 46pt :eek: so essentially my call leg is free + pocketing 12pt a pop. Was so sure i would profit from upside not downside, but will take it anyway i can get it!!!

new position: sold atm straddle at 1140 for 100pt, and long 2x 1000 put and 1x 880put. on the upside i am long 2 es and the calls from the previous strangle.

dont you just want to reach over and punch those fucking politicians in the face, all of them fuckers. In the middle of this unbelieve mess they are still playing partisan blame game. unreal!
 
Fund liquidation would be the key to a flush low.

Buy how low ... that depends on your MM tolerence

Edit: Most mutual fund managers sell at panic or cut loss levels as established in "meetings", usually the most logically area ... go figure :)
 
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