ES Journal Archive (2006 - 2008)

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Quote from newguy05:

did all the sell programs get trigger? we are at 1115 now. wow straight down all day.
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In the current market environment, it resembles a lot like 87 or 98 aftermath where the market gaps every single trading day.

Just a little bit of news can swing the mkt 2% to 3% in no time.

From what I see so far, bringing the mkt down to,

ES right below 1120
NQ right below 1500
Dow right below 10500

was the intention.

Tomorrow could be another big gap one way or the other ...
 
BTW weekly DT breakdown on the $RUT today. Target eyeballed around 550 if confirmed or around 15%.

These things don't work tho so pay no attention. :D
 
Wow, killed!

What a bad week. I'm not used to the "Gap and don't look back" super trend-day no consolidation scenario. Unfortunately I wasn't around in the 87 nor 98 timeline, so I don't have Lawrence Chan's wisdom.

Parked my money in some short puts. If they hit, I'll baghold them till I make a profit.

Hope this market settles down a bit...
 
Quote from Decel:

Wow, killed!

What a bad week. I'm not used to the "Gap and don't look back" super trend-day no consolidation scenario. Unfortunately I wasn't around in the 87 nor 98 timeline, so I don't have Lawrence Chan's wisdom.

Parked my money in some short puts. If they hit, I'll baghold them till I make a profit.

Hope this market settles down a bit...
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I'll put it this way - bad memories :)

Good luck on your position.
 
Quote from Pekelo:

ES at the cash close was 1118. Last time we went 25-35 points up overnight based on the "get long after the SDD" play...
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Not even the bad jobs' number was able to take it down for long, up 18 points...
 
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