ES Journal Archive (2006 - 2008)

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Quote from Lawrence Chan:

If we have a significant down day today, think about where the Asian markets would open?

If you see limit down in multiple Asian countries, it is not very hard for Europe to do the same as the panic spread. They may open for 1/2 hr and then close for the rest of the day due to limit down.

Then panic will spread to America ...

It is very simple human nature.

Thus last line of defense is today, upon how we close today.
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what u say makes sense, but i just dont see how the buyers would come into the market later afternoon and start buying to hold over the weekend. Logic indicates it would be the opposite, but we are not in a logical state right now.

anything is possible
 
Quote from ggoyal:

wonder if anek is killing this market? anyone in touch with him?
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I'm sure he is.. trading has been pure daily low support break.. ala 50 points.

When the days highs break and it gives u 50 points, thats when u know things have changed ..
 
Quote from newguy05:

what u say makes sense, but i just dont see how the buyers would come into the market later afternoon and start buying to hold over the weekend. Logic indicates it would be the opposite, but we are not in a logical state right now.

anything is possible
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What I meant is obvious - without government intervention, we will crash today.
 
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