ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Let's see how many new puts get sold down here.
Keeping an eye on interest further out as this could turn from 720 to 826 range to 690-800 as we get further along.
The adam and eve pattern points to low 40, that was completed this morning.
But the break of the 50 level resulted in a bigger version pointing to 20s.
Will see if we reach that today, a strong bounce can be expected from there.
But the break of the 50 level resulted in a bigger version pointing to 20s.
Will see if we reach that today, a strong bounce can be expected from there.
long 731is holding until 10am for next possible leg down. Although in the recent past end it seemed like when all hell was breaking loose before the open it ended up not being that bloody.
Just looking back at history, every time the government tries to backstop or slow down market forces it ends in a catastrophe. Every time.
Spectre mentioned a while back that this was all done to smash Russia.--mission accomplished. Russian capital markets were essentially nuked. They are strategically planning a military offensive. Threat neutralized, for now.
I am Pro-America. I love this country, our real history gives me goosebumps just thinking about it.
I just think we go back to pre-bubble figures in equities. To pretend to know the exact number is pretentious, to say the least.
Of course
The shut out play at 10-11 in the morning yesterday implies someone wanted to make sure those longs from 40s to 60s several days ago cannot realize any gain in the gap zone above.
That way, there will be way more fire power to take the mkt down to 20s or lower where there will be enough liquidity to cover.
Sometimes, structured moves would go out of control if people started to panic and the combined real-time volume overwhelmed the mkt.
Panic induces more panic, just like volatility.
On a day like today and probably the coming several trading days, risk management is key to survival.
Trade safe.
Panic induces more panic, just like volatility.
On a day like today and probably the coming several trading days, risk management is key to survival.
Trade safe.
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