ES Journal Archive (2006 - 2008)

L857.5, s~1, h/s-10

-1

 

Do you think we finally get a normal sell off day, and then a normal huge gap down, as oppose to more BS government intervention stuff?

 

This government will intervene every step of the way down to the bottom, provided that the bottom does occur before the next administration steps in. Just friggin' unbelievable!

 

Doesn't appear to be any hard-down sell action. Maybe markets have to go down lower, to 820 or 812. Could happen during the next 45 minutes.

 

S856, s2

-2

re-entered

10m chart's histo signalling a sell off, but this market is odd

 

long spy 86.04 stop 85.65

 

For new posters, I wrote a new thread dedicated to SDD:

http://elitetrader.com/vb/showthread.php?s=&threadid=144694

 

As long as the government keeps meddling in the market, this market will bleed to death very, very slowly.

 

in response to the PM sent to me --

yes, it can also reverse up - melt-up action today
but probability is for close at or near LOD

 

out/ long spy 85.60 stop 85.10