ES Journal Archive (2006 - 2008)

BoyBrutus · Oct 10, 2008

Quote from BoyBrutus:

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.

Come on history, dont fail me now mofo

Pholeuon · Oct 10, 2008

This week when we crossed up the line now bellow 900 /it was higher/ we were always falling bellow it.

BoyBrutus · Oct 10, 2008

YLOD is a decision point Long above short below

princessa · Oct 10, 2008

specific question to lc, pholeuon, volente and wave:

what do you make of this late day run?

Lawrence Chan · Oct 10, 2008

As I mentioned before, there was fund liquidation the whole week. Thus, it is unwise to pop the market until the liquidation subsided.

Perfect timing!

W4rl0ck · Oct 10, 2008

Very nice daily reversal hammer in SPX. RUT cutting into yesterdays bar. Watch for confirmation M or T.

Yom Kippur signal in effect.

kinggyppo · Oct 10, 2008

Just a comment for traders, shoulda woulda coulda is the worst habit you can have, this is the kind of thinking that will make you go broke. Princessa maybe short covering or the last short covered at 85.00 hard to say.

wave · Oct 10, 2008

Quote from princessa:

specific question to lc, pholeuon, volente and wave:

what do you make of this late day run?

10-10-08 01:47 AM
FYI,

The same system that flashed a crash coming back in July 07 just flashed a buy when we hit the 880s.

Major bounce coming for sure over the next week.

startraitor · Oct 10, 2008

I was cranking this on the stereo in oct 87, watching the carnage after school. Still have the cassette around here.

http://www.youtube.com/watch?v=Ra8VTlXVqUQ

Pekelo · Oct 10, 2008

Quote from volente_00:

FEAR IS STRONGER THAN GREED

It works both ways. The fear of missing out on a huge market bounce also works miracles....

I was guessing a rally, but didn't post it so no cookies. Market usually bullish before longer holiday weekends...

Posted yesterday afternoon:

Quote from Pekelo:

Yeah, one of these days we gonna get a huge shortsqueeze rally.