CL Redux

are you still in

 

Mine too. Had to call broker to verify I was flat.

 

Perhaps this was why I was feeling so damn pissed off last night. Call it a premonition.

 

They totally engineered this. 100 point swoon without any dire warning? Hell, Greece bailout has been in the air for months and the market rarely flinched!

 

anybody brave enough?

 

There was a major weekly trendline in the indexes that was breached ealier in the day.

 

1998 Russian financial crisis was a relatively fast drop and recovery afterwards.

 

I was trading that day, but if you remember that was already preceded by the jitters from the Asian financial crisis. But the real crash didn't occur until the morons at LTCM finally realized they've accidentally dropped a few billion bucks down the drain due to the Russian default.

 

Long QM 7620

 

That WAS the 1140 mark I had alluded to earlier. And, man, is ES a real pimp.

BTW I've never seen ES drop by as much as 100 points just because the weekly TL was violated and I've traded that damn thing for 10 years.