ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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The fun just started ...
Edit: Dow trend sell day is intact the whole day, a print below this morning's low implies selling all the way to 3:30, according to Pek.
I think they called it a day... probably even taking an early weekend. Their ball has been pretty off for the week.
maybe L.C. can clarify,
but I seem to recall at some time last year he wrote about risk controls at mutual funds, one of the controls being that once the market was down 10% from the closing price at the end of the previous year that some lightening of the load should occur.
I can't remember whether that was a 10% intraday, or whether it was 10% for the yea as of the daily close or... as of the close of the week.
10% down from the Closing price at the end of 2008 would be prints in the cash S&P under 813.
L.C. do you remember anything about this risk control measure?
but I seem to recall at some time last year he wrote about risk controls at mutual funds, one of the controls being that once the market was down 10% from the closing price at the end of the previous year that some lightening of the load should occur.
I can't remember whether that was a 10% intraday, or whether it was 10% for the yea as of the daily close or... as of the close of the week.
10% down from the Closing price at the end of 2008 would be prints in the cash S&P under 813.
L.C. do you remember anything about this risk control measure?
8% That's why you see the big sell off the other day.
As the flow increased due to that, more sell off will happen as the retail traders have no holding strength in general.
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