ES Journal Archive (2006 - 2008)

10 minutes til the waterfall

 

Is 777(or 788) is the magic number. 50% of the last year's high on s&p cash

 

No. The day you get lock limit down, is.

 

do you think thats whats going to happen today?

 

We won't get that today. I still see sudden burst of buying in the ES. Very PPT

Edit: By 3:30 ET, there is no limit.

 

do you really think that PPT can prop this thing up to close?

 

Market went up about 5% that day and setup the entire final move higher into 2000.

 

so far so good, question is will the short covering get sold into ?

 

on my chart first real resitance line here bellow 900 - we will see how strong is rally.

 

PPT goal - 940 or higher

Fund liquidation goal - to raise enough cash to meet redemption

The 2 things are not incompatible.