ES Journal Archive (2006 - 2008)

[Proximo] · Dec 12, 2007

wowza -- hope no one was short

Jaxon · Dec 12, 2007

Quote from riskymove:

Evening gents. Just got back and noticing some upward movement in the indexes. Looked for some news and found this snippet - my guess is it is what is contributing to the AH up move given the time corresponding with price action. Good trading.

CNBC reporter says that a Fed source who asked not to be named said that the Fed still has under active consideration a set of tools to addess the liquidity issue

CNBC commentator reports that a fed source who asked not to be named said that the Fed still has under active consideration a set of tools to address the liquidity issue. The source would not say what those tools are, but the CNBC reporter suggested that these actions would occur in the very near term rather than later... CNBC reporter says other potential ideas based on historical discussions with the Fed include lowering the spread between the discount window and the funds rate or long term repo action that would put cash into market for a longer period of time. CNBC commentator also says that it is clear, based on the conversion, that other potential ideas are under discussion. CNBC commentator said the source did not say this but it's reasonable to assume.
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yesterday's news today!!

loik · Dec 12, 2007

Quote from Zodiac4u:

Easy decision now!
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avarus · Dec 12, 2007

Did you see the volume breakout when we broke 1500?

tommymoose · Dec 12, 2007

"Breaking News
Stock futures surge as Fed collaborates with global central banks to improve liquidity 9:02am EST"

So crazy how these events end up happening at key technical levels... what I was looking at last night -

http://photos-b.ak.facebook.com/photos-ak-sctm/v173/40/91/1814135/n1814135_34794997_7212.jpg

might this be whats necessary to finish out the 5th wave of this up-move or just a bounce to be sold? I'm leaning towards the former.

Spooz Top · Dec 12, 2007

Quote from tommymoose:

"Breaking News
Stock futures surge as Fed collaborates with global central banks to improve liquidity 9:02am EST"

So crazy how these events end up happening at key technical levels... what I was looking at last night -

http://photos-b.ak.facebook.com/photos-ak-sctm/v173/40/91/1814135/n1814135_34794997_7212.jpg
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yup.....it is no accident or coincidence.......the powers that be know where to paint the charts.

StockyIrishman · Dec 12, 2007

we bounced off 17, i love those moves, make'n 8 pts in 1 minute. just wish I'd had more contracts. But I thank God i was watching I almost turned my PC off because I have a massive headache. Do we keep going up from hear to the 20's?

avarus · Dec 12, 2007

Quote from StockyIrishman:

we bounced off 17, i love those moves, make'n 8 pts in 1 minute. just wish I'd had more contracts. But I thank God i was watching I almost turned my PC off because I have a massive headache. Do we keep going up from hear to the 20's?
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You should only wish you had more contracts if your account supports it. Imagine how many cowboys got wiped out on that move?

Zodiac4u · Dec 12, 2007

Quote from StockyIrishman:

we bounced off 17, i love those moves, make'n 8 pts in 1 minute. just wish I'd had more contracts. But I thank God i was watching I almost turned my PC off because I have a massive headache. Do we keep going up from hear to the 20's?
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This is the perfect aspirin for any headache! More money!

Bear steaks on the barbie tonight!

avarus · Dec 12, 2007

Pass the toilet paper.