Futures selling off 7/7/08

Discussion in 'Trading' started by MrDODGE, Jul 7, 2008.

  1. S2007S

    S2007S

    I think the DOW is setting up for a 1000+ point one day sell off, its going to happen sooner or later.
     
    #21     Jul 8, 2008
  2. Xuanxue

    Xuanxue

    What he said.

    The predetermined head-fake rally retraces (2 more), then the steep drop macrocosmically miming today's action. The brass sets of balls bottom-makers on value principle enter stage by the end of this week or the first part of next week.

    The bottom's at 1205 ES.
     
    #22     Jul 8, 2008
  3. PPT has to be messing with the futures. We keep bouncing off of 11,131 with no real volume.
     
    #23     Jul 8, 2008
  4. I wouldn't expect too much volume in Globex at 1am EST. Let's see how ESTX50 and European financials open at 3am EST.
     
    #24     Jul 8, 2008
  5. Japan is -370. Not pretty. Bought some Gold as a hedge.
     
    #25     Jul 8, 2008

  6. Gold????

    How about some... crude? or better yet, natural gas. (off 60c since yesterday)
     
    #26     Jul 8, 2008
  7. rcj

    rcj

    Its just people adjusting to this price level(YM),bro. Looks very "normal". Of course, who knows whats going to happen next though - looks like some bot action as well.:D
     
    #27     Jul 8, 2008
  8. Yes...G-O-L-D.

    It rose $4 since my last post an hour ago (cashed out).

    Did you bank your nickel on oil?

    -Prof.
     
    #28     Jul 8, 2008
  9. Recall

    Recall

    Where are you watching this action? Can you kindly give me a link so I can watch it too?

    Maybe Bush is about to shock and awe Iran :(
     
    #29     Jul 8, 2008
  10. Well the futures fun is over for the moment. Time to sleep and wake up to the Dow positive 150 points.
     
    #30     Jul 8, 2008