ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

Gee .. the drop was caused by CNBC ...

Someone must be very short and needed the drop badly.
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I never care about CNBC, but just listened to this Gasparino guy. "Sources" told him bad bank "on hold". What kind of bu..sh.t journalism is it to air this kind of news without specifically naming the source ????
 
It sure looked like a giant dragon failure at 832, and I will be damned if we go down to 820, because the height was 12 points....
 
the most logical thing to do given the news is to short the hell of out it...

but the markets dont follow logic most of the time since, that would mean the majority of the people would make money...

:)
 
news has nothing to do with success in this business...it drives the markets but who cares what drives it? sentiment also drives the markets......weak hands getting kicked by strong hands drives the markets......i have a unique idea...watch the chart and follow the trends...with minimal information...no thinking allowed..discretionary traders intraday never make it ........sad but true.......thinking means emotion...emotion means you lose in the end......
 
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