ES Journal Archive (2006 - 2008)

Discussion in 'Journals' started by Buy1Sell2, Mar 2, 2006.

Thread Status:
Not open for further replies.
  1. Looks like we're heading up for the moment. 896-ish is the next resistance, or so I'm told.
     
    #48161     Nov 14, 2008
  2. ammo

    ammo

    long 84.5. 90 offer, out 83 ,usd/jpy crapped out
     
    #48162     Nov 14, 2008
  3. JSSPMK

    JSSPMK

    Let's not forget that G20 is this weekend, does buy the rumour still apply? If it does then we could have a heck of a close today (green).
     
    #48163     Nov 14, 2008
  4. JSSPMK

    JSSPMK

    Bearish wedge now on 3m, apex around 892ish, though yesterday it blew right through it to the upside :confused:
     
    #48164     Nov 14, 2008
  5. Now, who sez patience is a virtue?! :D

    Seriously, that would be hard to stomach in this market.
     
    #48165     Nov 14, 2008
  6. Pekelo

    Pekelo

    Nov 11th looked like today, a giant cup and that sold off at 2:30 (gapclose) making the holder part...

    Edit: we had a high at 2:27 almost the same as the morning high. I guess I have a new chartpattern called "The Giant Cup". :)

    The high occured at the gapclose, not the real gap but the Bigchart/Yahoo gap....(cash 904)
     
    #48166     Nov 14, 2008
  7. ammo

    ammo

    LONG 92 ON 15 MIN TL STARTING AT 12 15 EASTERN AND USD/J,,,,,out 97
     
    #48167     Nov 14, 2008
  8. Paulson/G7 rally - how long will this last?

    GLOBEX Sunday night?


    Summary of CNBC interview with Treasury Secretary Paulson on the TARP plan

    Paulson says the major purpose of the TARP was to stabilize financial system and to get lending going. Paulson says he thinks the system has clearly been stabilized... says this is a healthy bank program... says this was a comprehensive plan that has made a big difference. Paulson says a change in strategy occurred when they saw the commercial paper markets freeze up altogether and good mainstream corporation were not able to raise money (highly rated commercial paper issuers)... also says change in strategy occurred because by the time Congress passed bailout, buying distressed assets was not viable... says they changed strategy to address a situation that had gotten much worse. Says ultimately, the purpose of TARP is to get capital into banks... Paulson says the crisis was not just about the U.S. subprime market... On the question of ‘the talk is that banks are taking this money and hoarding it' (e.g. for acquisitions)... Paulson says the first goal was to stabilize the system, and second he says injections into banks will cause banks to lend more money than they normally would have done otherwise... says every bank in the system has benefited from the overall system. Paulson says the objective remains the same, which is all about capital... says illiquid assets are still an issue. He thinks the prudent thing to do is not run out and invest all of your money quickly buying illiquid assets if he thinks there's another way to get at this. Paulson says, discusses bank investments, says "we will make money." Says this $700 bln is the right amount...he's not saying they are going to need more, but as he evaluated the situation, he thinks be prepared to move ahead with other programs and he thinks it's highly likely that some time in the not-to-distant future to have another capital program within the current $700 bln plan.
     
    #48168     Nov 14, 2008
  9. wave

    wave

    The best trades will always be the hardest ones to take. Think about it and why that would be so and why so many fail at this biz?
     
    #48169     Nov 14, 2008
  10. Looking to buy on Pullback to 888/890
     
    #48170     Nov 14, 2008
Thread Status:
Not open for further replies.