ES Journal Archive (2009 - 2010)

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Did the market shut down, maybe my connection is bad. Market is frozen.

I hate these off hour surges. So you caught a few points when the cash opened, the bulk of these gains have occured during off peak hours. Bunch of bull shit.
 
I'm sure some of you have been trading longer than me. Was there any time in your recollection when there was a complete evaporation of sellers during a bear market for an extended period of time like now? I sure haven't and I've been around nearly 20.

Anyway, I have a good feeling the 943.75 is the HOD. But does that make any difference?
 
Quote from saliva:

I'm sure some of you have been trading longer than me. Was there any time in your recollection when there was a complete evaporation of sellers during a bear market for an extended period of time like now? I sure haven't and I've been around nearly 20.

Anyway, I have a good feeling the 943.75 is the HOD. But does that make any difference?
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One thing I remember clearly is when the market would start to weaken, the Fed or Goverment or some big company would say something to jaw bone the markets higher. And as usual the media was cheeleading. It got so overbought shorts were trying to short it and they just got creamed by the overnight drift up, every night @2:30 the offers would get lifted and it would just float higher gap open everything and drift sideways to higher all day long, just like today.

I have only been close to the market since 1999.
 
Quote from trackstar:

I think we probably will approach 950 today. I got room in this channel for it to run a bit more. Ill be fading the rest of it.
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track you got a chart for the blind?


You meant the original upper channel from march and april?
 
Quote from saliva:

I'm sure some of you have been trading longer than me. Was there any time in your recollection when there was a complete evaporation of sellers during a bear market for an extended period of time like now? I sure haven't and I've been around nearly 20.
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markets will do as they please.......they can & will remain irrational far longer than anyone here can stay solvent.

we have not had free markets since the winter of `87 with the inception of the PPT/banking arm of the Gov`t to protect "free" markets.....for some reason,this remained a well kept secret until the late `90`s where it was all to evident that something was unusual & unnatural with the tape/PA........Stephanopolous made it public knowledge when he went public with this division of Gov`t intervention...........with the cat out of the bag,Gov`t intervention is shoved right in our faces now..........NO if`s,and`s or buts..........we`re here to save "free" markets,which is a complete contradiction in itself.

think outside the box & strive to be uncommon........as common is the last thing you want to be in the trading world.
 
Nobody's ever seen a bear mkt rally anything like this. s@p now up 41.5% in 12 weeks. Thats 5 good years of gains in 12 weeks. But what makes it more amazing is its been in low vol.
 
when we lost bear stearns and lehman, and merril merged ,we took out a substantial chunk of the big players, the ones left have a lot less to worry about when trying to manipulate the market, they may be squeezing out another large group in here.. Not saying that is happening but that would explain the big squeeze on fridays close. Knowing that player had to liquidate shorts, hold it up here and sell to him at higher prices..
 
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