ES Journal Archive (2006 - 2008)

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it would be horrible if dropped below 2002 levels. where from there, if it were to go there?

scary to think about all those people who have their retirement in stocks.
 
this is pretty amazing, look at the es futures since the market close it is literally frozen at the 1000-1005, especially after such a volatile day. Everyone both long and short is holding their breath to see which way it breaks.

Interesting times :D
 
quote from avarus
02-21-08 02:05 PM
S&P may see 900. Can't you see what is being setup? You must study history to understand the future. It's already clear what party is going to win the election. It's not all in the technicals.
This one will go down in the history books.

Only Spooz Top was backing me at the time. I hope he followed thru on his convictions.
 
Quote from wave:

They are taking it to 900.
Remember when I said if 1200-1150 rally doesn't hold, last one out shut the lights.
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Several months ago I said 1150, but that level barely put up a fight.

They are ultimately, within the next twelve months, taking it to the bear market low of 2002,. Yes, a full retrace.

That would be right around 770 on the S&P, around a 23% additional drop from here.

900 as a short term bottom, maybe, but I would say 960 is a better guess.

Yes, I said GUESS.

1150 is now resistance.

960 to 1150 would be a 190 point move, and then 380 (190 X 2) down from there would be around 770.
 
Quote from wave:

quote from avarus
02-21-08 02:05 PM
S&P may see 900. Can't you see what is being setup? You must study history to understand the future. It's already clear what party is going to win the election. It's not all in the technicals.
This one will go down in the history books.

Only Spooz Top was backing me at the time. I hope he followed thru on his convictions.
More...

Yes, but you also said 1500. :)

Be careful there, my friend One does not want to look like Cramer!
 
Quote from tommymoose:

long the ES here at 999 stop at 997.75
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Sold @ 1007.75... <3 risk/reward haha. I don't think its not going higher, but as a quick trade I'm out. I'm still holding the ultra-long dow ETF from closing prices.

smilingsynic... 940-960... I agree good level for a bounce
 
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