ES Journal Archive (2009 - 2010)

saliva · Feb 17, 2009

For the time being, I believe the bottom is in--at least for this morning.

saliva · Feb 17, 2009

Quote from volente_00:

Sure need to hold 790 cash here

or Sal may get his wish.

Thanks!

But it ain't going to swoon straight down methinks. Hence my rationale for 10 days over, say, 3 days.

futuman · Feb 17, 2009

Vol what did the open interest tell you this morning?

volente_00 · Feb 17, 2009

Quote from saliva:

For the time being, I believe the bottom is in--at least for this morning.

Oh heck, time to go short now !!!

J/K

volente_00 · Feb 17, 2009

futuman, i'm watching put action for volume spikes on this down move.

Jahajee · Feb 17, 2009

There is still way down to go, at least 780 as first support, then
755/760 and the Nov low 15 points lower.

Another opinion:

The Dow has thus far held near its Nov close low at 7552 (session low 7554), the Nasdaq Comp broke below the Nov-Jan trendline (last of the majors to do so) but has held near its Feb low at 1460 (session low 1467) while the S&P has remained above a congestion zone starting at 788 (session low 789). However, intraday need to see sustained gains back through initial barriers at 7680/7690 Dow, 803 and 806 S&P with Nasdaq Comp levels at 1492/1497 just to begin to improve the intraday pattern.

saliva · Feb 17, 2009

Taking a small long at 90.50

volente_00 · Feb 17, 2009

Sal, your boyz can't even break 790 on cash.

Time for the T day boyz to make em scurry like rats on a sinking ship.

saliva · Feb 17, 2009

Quote from volente_00:

Oh heck, time to go short now !!!

J/K

You forget that my true monicker is neither bull nor bear but a vulture. I'll take whatever opportunity the market throws at me.

saliva · Feb 17, 2009

Quote from volente_00:

Sal, your boyz can't even break 790 on cash.

Time for the T day boyz to make em scurry like rats on a sinking ship.

The reason why I'm so against your "demtboyz" ain't so much that I'm bearish but because I don't believe this T-day crap (figuratively speaking). To say that the market will rally simply because it's either Tuesday or Thursday, without specifying exactly WHEN (as in what time), is ludicrous. That's like saying I know the market will rally sometime today, regardless of what day of the week it is, just don't ask me when.