ES Journal Archive (2006 - 2008)

Yes, announcement is at 2:15 pm

Give them 15 minutes of post-FED ecstasy.. to run it
up to R1 at 892/895 or even as high as R2 at 911

 

esh with recent swing high

 

Yes, if first reaction is dumping ES down first to 866 area and bounce back up.

 

Possible.

At which point I would short, heavily, if it fails again at this level.

 

got it buy 860 sell 920. drop and pop, problem is if the language in the statement is off, that seems to be the outlier. Anyone think this Madoff debacle is a black swan.

 

One thing that can pop the market way higher is doing a double whammy. They did that several times when it is obvious no matter what the fed does it will be bad (like today).

For example, 30 minutes after fed announcement, throw out a rumor or news release on say a confirmed auto bailout plan, etc.

 

So will you be shorting at 4pm if this happens?

 

Like watching paint dry.


Give me volatility or give me a nap.

 

4pm? On close of the day?

 

watching grass grow....
I wonder if I can ever go abck to "normal trading", like it
was before current bear market