ES Journal Archive (2006 - 2008)

Short covering right at the announcement, followed by a fast, FAST move down.

 

holy crap, 1140 now

 

this is stoprun?

 

What we need to do is close on new lows today, egg in the face of all the idiots who passed the bill. But even if we dont close on new lows the market will give us plenty of time to sell many fake ralies. The bottom line is the economy will continue to suffer for a long time.

 

10/03/2008 13:27 *DJ US House Votes 263-171 To Approve Financial Rescue Bill


For 700B I doubt they will have egg on their face by EOD

Watch the Double bottom

 

Just shy of 1163, oh well. The boys followed thru with their intentions.

 

1080 to 1103 sounds good to me. Got to love the mean reversion in ES.

 

Next act - PPT to the rescue?

Edit: Not sure what they can do for now ... unless something as big as the bailout bill

 

r10 boys ?

 

or a stop run on those set right around previous lows to kick some program selling in ?