ES Journal Archive (2009 - 2010)

[rock34748]

Quote from rock34748:

L 16.0
will add at 13ish
Stop below 10.5

stopped out 09.75 (wide stop for me)
watching for rest of day likely

 

[saliva]

My mama sez today is a Black Monday for America. I say, this is only a Gray Monday because tomorrow when the Dow drops below 7000 we will have our Black Tuesday for the first time in history.

 

[JSSPMK]

Quote from rock34748:

stopped out 09.75 (wide stop for me)
watching for rest of day likely

ImPO if you were to try & get in near the end of the current down trend I would advise picking a good resistance level & only when price takes it out getting long, perhaps 723 ES, so far market is melting.

 

[BoyBrutus]

Quote from saliva:

My mama sez today is a Black Monday for America. I say, this is only a Gray Monday because tomorrow when the Dow drops below 7000 we will have our Black Tuesday for the first time in history.

Whatcha talkin bout Willis, already below 7000

 

[saliva]

Quote from BoyBrutus:

Whatcha talkin bout Willis, already below 7000

The cash index, bro, Cash.

 

[porge]

romik..here is another one for you little fellers.....30 min chart is chart of the trend day....

 

[BoyBrutus]

Quote from saliva:

The cash index, bro, Cash.

Click here bro

http://finance.yahoo.com/q?d=t&s=^DJI

 

[saliva]

Quote from JSSPMK:

The ones that voted for 730 before 830 - we won BTW.

Oh, I thought there's always the "delayed" effect.

 

[startraitor]

long 708-707, stop under 704, target 714

 

[swing-scalper]

Quote from saliva:

My mama sez today is a Black Monday for America. I say, this is only a Gray Monday because tomorrow when the Dow drops below 7000 we will have our Black Tuesday for the first time in history.

Clearly the market is going down. However the scenario of a black Tuesday is very unlikely, IMO.

Simple reason: huge down day ususally happens at turning points of a market cycle. We are not at a turning point at this stage. We are already deep in a down cycle.