ES Journal Archive (2006 - 2008)

newguy05 · Oct 3, 2008

anyone trading the vote? I got my ass kicked last time on the senate vote. May sit this one out

ammo · Oct 3, 2008

market hasnt hit 1096,1080 in that area,it would make sense that there be no vote today ,we sell off,hit that area,they vote and we rally globally

JSHINV · Oct 3, 2008

Quote from ammo:

market hasnt hit 1096,1080 in that area,it would make sense that there be no vote today ,we sell off,hit that area,they vote and we rally globally

They'll keep them there all night if they have to. But, they won't let them go home until they vote.

newguy05 · Oct 3, 2008

market is behaving differently, during the senate vote it was moving wildly followed by a straight selloff as soon as the voting started.

This time it looks like the market is actually in a holding pattern now, that indicates it should move per the normal logic (ie: pass=up fail=down).

in at 1144.5 sitting at 200ma on 1/15mins and 50ma on 10mins, mental stop around 1137, will be too whipsaw to have a hard stop.

Lawrence Chan · Oct 3, 2008

Quote from ammo:

market hasnt hit 1096,1080 in that area,it would make sense that there be no vote today ,we sell off,hit that area,they vote and we rally globally

If we do not close at the upper range of this week, 1080 would not hold. We may even see something much lower by Monday open. Then there is no need of the bill.

pulsescan · Oct 3, 2008

Quote from Lawrence Chan:

If we do not close at the upper range of this week, 1080 would not hold. We may even see something much lower by Monday open. Then there is no need of the bill.

Ditto.

newguy05 · Oct 3, 2008

you guys really think so? we are way oversold imo, i think we need at least 1-3 days of relief rally from the bailout to 1200s before the next leg down. The market cant just keep gapping down like this nonstop, we are not talking about a smallcap company here.

Pholeuon · Oct 3, 2008

Boys, they can not vote if result is uncertain or probably negative. This will crash market for sure. Even PPT will be not able keep it up.
Such idiots can not be elected even in USA so they will wait with vote until market closes - if is not very probable positive result.

ammo · Oct 3, 2008

LC,no need of bill because the guys we would buy out are broke or insolvent? is this what you mean

newguy05 · Oct 3, 2008

Quote from newguy05:

market is behaving differently, during the senate vote it was moving wildly followed by a straight selloff as soon as the voting started.

This time it looks like the market is actually in a holding pattern now, that indicates it should move per the normal logic (ie: pass=up fail=down).

in at 1144.5 sitting at 200ma on 1/15mins and 50ma on 10mins, mental stop around 1137, will be too whipsaw to have a hard stop.

out 1150. +5.5