ES Journal Archive (2006 - 2008)

volente_00 · Oct 10, 2008

10 minutes til the waterfall

millionaire7 · Oct 10, 2008

Is 777(or 788) is the magic number. 50% of the last year's high on s&p cash

Lawrence Chan · Oct 10, 2008

Quote from millionaire7:

Is 777(or 788) is the magic number. 50% of the last year's high.

No. The day you get lock limit down, is.

pulsescan · Oct 10, 2008

Quote from Lawrence Chan:

No. The day you get lock limit down, is.

do you think thats whats going to happen today?

Lawrence Chan · Oct 10, 2008

Quote from pulsescan:

do you think thats whats going to happen today?

We won't get that today. I still see sudden burst of buying in the ES. Very PPT

Edit: By 3:30 ET, there is no limit.

pulsescan · Oct 10, 2008

Quote from Lawrence Chan:

We won't get that today. I still see sudden burst of buying in the ES. Very PPT

Edit: By 3:30 ET, there is no limit.

do you really think that PPT can prop this thing up to close?

BoyBrutus · Oct 10, 2008

Quote from vulture:

I still say the Oct, 1998 spike was the most lethal I have ever seen...5 minutes after the bond market close, one day before options expiration, in the midst of rumors of LTCM insolvency, Russian devaluation, Asian "contagion", and the market never looked back after that...But that was one crazy final hour, and at that time somewhat unprecendented...That set the stage for so many of these intra-day spikes following that day

Market went up about 5% that day and setup the entire final move higher into 2000.

volente_00 · Oct 10, 2008

Quote from Lawrence Chan:

We won't get that today. I still see sudden burst of buying in the ES. Very PPT

Edit: By 3:30 ET, there is no limit.

so far so good, question is will the short covering get sold into ?

Pholeuon · Oct 10, 2008

on my chart first real resitance line here bellow 900 - we will see how strong is rally.

Lawrence Chan · Oct 10, 2008

PPT goal - 940 or higher

Fund liquidation goal - to raise enough cash to meet redemption

The 2 things are not incompatible.