ES Journal Archive (2006 - 2008)

Is anyone out there?

I can't help it, but I need to see a more painful shakeout than we've seen.

Am I wrong?

 

there is certain degree of panic, its starting. Watching for relentless selling. 1366 is target.

 

I'm looking for a possible 10:30 or 11:00 bottom ... vix is ridiculous right now, up 7 straight points since 2pm yesterday.

Edit: 1 more point on the vix willl bring it to 35, +10 from the Tues low.

Edit: Vix put in at least a temporary top of 35.29 at 10:33
currently @ 33.81 10:49

 

fed is too slow to react, weekly trend is more important. What will the friday close be like..?thats the only thing that matters, a fed rate cut can possibly deflect the market.

 

I have a buy order for ES at 1300.

 

Nothing like planning ahead.

 

Anyone else think this looks like a DB? (8am and 10:30am ET.)

 

yeah, it does look like a double bottom

 

This decline is way too orderly for my taste. I am suspicious of the short side, we are due for some sunshine.

 

watch for a 60 minute downdraft...of 20 points or so.