Futures selling off 7/7/08

S2007S · Jul 8, 2008

I think the DOW is setting up for a 1000+ point one day sell off, its going to happen sooner or later.

Xuanxue · Jul 8, 2008

Quote from startraitor:

Asia selling off, capitulation setting up.

What he said.

The predetermined head-fake rally retraces (2 more), then the steep drop macrocosmically miming today's action. The brass sets of balls bottom-makers on value principle enter stage by the end of this week or the first part of next week.

The bottom's at 1205 ES.

MrDODGE · Jul 8, 2008

PPT has to be messing with the futures. We keep bouncing off of 11,131 with no real volume.

makloda · Jul 8, 2008

I wouldn't expect too much volume in Globex at 1am EST. Let's see how ESTX50 and European financials open at 3am EST.

Professional · Jul 8, 2008

Japan is -370. Not pretty. Bought some Gold as a hedge.

scriabinop23 · Jul 8, 2008

Quote from Professional:

Japan is -370. Not pretty. Bought some Gold as a hedge.

Gold????

How about some... crude? or better yet, natural gas. (off 60c since yesterday)

rcj · Jul 8, 2008

Quote from MrDODGE:

PPT has to be messing with the futures. We keep bouncing off of 11,131 with no real volume.

Its just people adjusting to this price level(YM),bro. Looks very "normal". Of course, who knows whats going to happen next though - looks like some bot action as well.

Professional · Jul 8, 2008

Quote from scriabinop23:

Gold????

How about some... crude? or better yet, natural gas. (off 60c since yesterday)

Yes...G-O-L-D.

It rose $4 since my last post an hour ago (cashed out).

Did you bank your nickel on oil?

-Prof.

Recall · Jul 8, 2008

Quote from MrDODGE:

Alright the YM is acting crazy, just went from 11,131 to 11,147 in minutes. Anyone watching this action?

Where are you watching this action? Can you kindly give me a link so I can watch it too?

Maybe Bush is about to shock and awe Iran

MrDODGE · Jul 8, 2008

Well the futures fun is over for the moment. Time to sleep and wake up to the Dow positive 150 points.