ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
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It was surreal. My IB DOM froze up at 1099, but My QuoteTracker charts were in the 1060's. My Etrade stocks charts all flatlined and I wasn't sure what was real, but I couldn't trade anything.
It was a good day for folks who have GTC limit buy orders at deep prices. I'm sure there were people who said "Yeah I'd like AAPL if gets back to $200. Here, let's put in a limit order. Who knows, maybe it'll fill some day over the summer when everyone sells and goes away."
And now they come home from work today, log into their IRA account and they're $4600 richer.
Sounds more like a fat tongue in cheek type of hindsight analysis. Just what did you know that I didn't in terms of today's prices? Be very specific.
For the record, I was bearish since Monday night (check out my previous posts on CL Redux). I was anticipating a reversal today but it ripped my system apart into pieces.
1987 the stock mkt hit -22%, today looks like at worst it was -9% plus change. 1987 was blood in the streets, this was biggie but not as bloody.
Today was another example where the COMPUTERS can not handle real shit hitting the fan. Humans as specialists at NYSE or pit traders handle extreme situations, computers get their bits all crossed up.
FWIW,.......the guy that keeps calling, a price and a point here, a point there, is blowing smoke up his ass. Today the trend was down, PERIOD. I was not in on the fun, i sat down and saw it happening and said................"DO not touch this" the risk to reward was not worth it, there are times to trade and times not to.
PS, the exchanges will NOT ADMIT their systems could NOT handle the situation. Computers can not handle this stuff.. Bring back the guys/gals that can handle a panic..........regardless of how or why it was caused. for an exchange to admit their systems suck would open them up to all kinds of bad news.
Again, this was childs play compared to 1987. :eek: 
Today was another example where the COMPUTERS can not handle real shit hitting the fan. Humans as specialists at NYSE or pit traders handle extreme situations, computers get their bits all crossed up.
FWIW,.......the guy that keeps calling, a price and a point here, a point there, is blowing smoke up his ass. Today the trend was down, PERIOD. I was not in on the fun, i sat down and saw it happening and said................"DO not touch this" the risk to reward was not worth it, there are times to trade and times not to.
PS, the exchanges will NOT ADMIT their systems could NOT handle the situation. Computers can not handle this stuff.. Bring back the guys/gals that can handle a panic..........regardless of how or why it was caused. for an exchange to admit their systems suck would open them up to all kinds of bad news.
Again, this was childs play compared to 1987.
:eek: - Status