ES Journal Archive (2009 - 2010)

[Jahajee]

... and this one.
this is Madoff II or Madoff Jr.

and if GM and others go into bankruptcy and April crude plunges to 35 or lower, then the bottom will be in....


Texas Financial Firm Accused by U.S. of $8 Billion Fraud


By CLIFFORD KRAUSS, PHILLIP L. ZWEIG and JULIE CRESWELL
Published: February 17, 2009

HOUSTON — Stopping what it called a “massive ongoing fraud,” the Securities and Exchange Commission on Tuesday accused Robert Allen Stanford, the chief of the Stanford Financial Group, of fraud in the sale of about $8 billion of high-yielding certificates of deposit held in the firm’s bank in Antigua. Also named in the suit were two other executives and some affiliates of the financial group.
In the complaint, filed in Federal District Court in Dallas, the S.E.C. accused Mr. Stanford and two associates — James M. Davis, a director and chief financial officer of Stanford Group and the Antigua-based bank affiliate, and Laura Pendergest-Holt, the chief investment officer of both organizations — with misrepresenting the safety and liquidity of the uninsured CDs.

 

[volente_00]

Quote from lurefo:

Exactly. That's what it could be.... a bear trap... now let's see if we have enough short covering.

What worries me is NQ lagging behind. It looks weak to me.

There is a lot of fuel for the fire to burn them hard.

 

[saliva]

Quote from volente_00:

Let them make this right shoulder on this IHS on cash and I just might let those boyz take it to 826 today.

I've seen many bullies get burned alive on their bully pulpit for having peached the wrong message at wrong time.

BTW just because we're range-bound doesn't automatically guarantee that we'll rally.

 

[Lawrence Chan]

Trend sell day intact as of 1 pm.

1. down more than 100 dow pts
2. high of day made in opening range

Missing part - opening range break to the down side

 

[lurefo]

Quote from volente_00:

There is a lot of fuel for the fire to burn them hard.

Now's the time to prove it or this will get ugly to the downside.

 

[Jahajee]

5m ES chart:

- below 200MA, shallow retracements above key 20 MA

- never crossed above zero in 5/34 awesome osciallator; below zero line since 8:30

- both MACD and MACD avg line below zero

- Williams never reached overbot

 

[swing-scalper]

Recent reversal to the upside, if there is one, almost always occur after a new LOD made. This time probably is no different.

 

[volente_00]

Sure looks like a descending triangle on daily with 780 in the works.





http://stockcharts.com/school/doku...._analysis:chart_patterns:descending_triangle_



Only the cash r 10 crew at 789 can break the move.



That neck at 94-95 is holding up well.

 

[lurefo]

Quote from lurefo:

Worth giving a shot.... long 792.25
initial target HOD
Stop 787.75

Too weak.... stop hit

 

[Pekelo]

Quote from Jahajee:

5m ES chart:

- Williams never reached overbot

That's why I use the cash chart, short signals at 10:45 and 12:55....