ES Journal Archive (2006 - 2008)

sh 899,898,usd/jpy broke daily at 92.07, xlf selling off, stop 903

 

I dunno. I'm counting on today as the turning point. 865 down we go and if that breaks, we'll be hitting 820 in no time. Of course, it's no secret that I'm holding short at the moment. FULL DIS-CLOSURE!

 

ok ... talking about disclosure ... yes, am short too

so I do have a downside bias!

 

For the most part, I usually don't bother with market psychology but all these euphoric johnnie-come-latelies are really getting on my nerves. How can you fucking say that the market is forward-looking when these idiots effectively run the markets? Calling them mere idiots hardly reflects how I feel about them.

Sorry for the negative soundbite. Whew...now that I got that out of my system, I feel so much better.

 

moving stop to 890, xlf has supp at 12 .94 usd/jpy not really selling off after tl break

 

Looking for them to hold 865-880 to continue the melt up. If this zone fails I think you guys (LC and saliva) will have your wish. a break won't be easy though...

Posted last night - http://elitetrader.com/vb/attachment.php?s=&postid=2212262

 

I think we gonna bottom around 3 pm...

 

I don't do long term and am perfectly ok that the market bounce up from here.

 

Good call - so far.

 

The gap to fill is still on the cards ? Or could we run up for a few days before it fills ?