ES Journal Archive (2009 - 2010)

[ASusilovic]

Quote from JSSPMK:

Vol, how many are banking on that gap above to be closed by Friday?

T Bonds not buying equity sell off. USD / JPY 93.98. Expect some buying "efforts".

 

[gangof4]

Quote from ASusilovic:

T Bonds not buying equity sell off. USD / JPY 93.98. Expect some buying "efforts".

i've been watching the same thing. EUR/JPY jump back up to 119 almost got me in trouble; as it factored into decision to go long the DAX. got out of it alive, but was looking at an ugly loss if it had broken down...

 

[paul_alan]

Quote from paul_alan:

short 769

]

taking its time. Currently making me 4 points, but I want lots of money from this. Will add on any strength

 

[Lawrence Chan]

Quote from JSSPMK:

Vol, how many are banking on that gap above to be closed by Friday?

Most sell off friday ended up positive.

So last 2 hours are very important.

p.s. Since I have not seen a limit down day yet, I am still bearish overall in long term.

 

[JSSPMK]

Why do we need a LDD to mark a longer term bottom? TY!

Quote from Lawrence Chan:

Most sell off friday ended up positive.

So last 2 hours are very important.

p.s. Since I have not seen a limit down day yet, I am still bearish overall in long term.

 

[lurefo]

Quote from lurefo:

ES 240 MN shows strong support in the 772-766 area.

Objective is to go long this zone for a bounce back up above 800.

Stop below 60...

The scenario is still valid... the market will decide if it breaks below for a panic sell off or if it bounces back up from here.

 

[Lawrence Chan]

Quote from JSSPMK:

Why do we need a LDD to mark a longer term bottom? TY!

Since the beginning of this crisis, it is unfolded as at least one of the biggest ones.

Last few times, some type of mkt halts (limit down days, government intervention, etc.) were always imposed onto the mkt before the overall mkt can find bottoms.

Those LDD have explosive volume as it is something so unexpected to most. Thus including many seasoned investors who just got a little bit over their heads were punished with huge losses. Wealth transfer complete at that point. Economy can recover much faster after that.

 

[ASusilovic]

Quote from JSSPMK:

Why do we need a LDD to mark a longer term bottom? TY!

We need a headline like now on marketwatch :

"Bloodbath around the world"

 

[saliva]

Hello gang. Aren't we all pumped up for action today?!

 

[saliva]

Quote from saliva:

That being said, if we open below 765 tomorrow (well, in about 6 hours), we could see 740 in no time. Whether there would be a meaningful rally afterwards remains to be seen. But as I said yesterday, there could be a nasty surprise in store.

I think we should be safe were we to stay afloat above 765.