Waiting this out is getting brutal.... Analysis is still screaming sell as it has been since 1312 on the ES sept. I believe the top is in at 1347.75, therefore it's just a waiting game now to profits. Enjoy the weekend!
"Regular Trading Hours". Regular as in pit traded traditional, as opposed to electronic trading hours, globex, etc.
Debt talks break down after just 50 minutes. Looks like Monday may be the start of our projected sliiiiiide. Fingers crossed.
Winklevosses facebook suit dismissed: called a$$ holes by harvards former president âOne of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three oâclock, there are two possibilities. One is that theyâre looking for a job and have an interview; the other is that they are an asshole. This was the latter case,â. Larry summers Menlo Ventures partner Shervin Pishevar gave a longer explanation on Quora, âIf the Winklevii had spent all their time and energy competing with Facebook in the arena of the marketplace rather than in the confines of the courtroom, we here in Silicon Valley would have had more sympathy and respect regardless of whether they had failed or succeeded. If you want our respect, gear up and enter the arena of entrepreneurship and be willing to die and battle for your idea to win the hearts and minds of those in the stands. The users who vote with their time, money and passion count here- nothing else. No court order or settlement can give you the legitimacy and honor that hundreds of millions of users can. Merit matters more. Always.â Nicely said, shervin!
ES minis gapped down from debt fears to the 1328 range--- expecting further downside to the 1300 range in near future. Holding shorts--- fear reigns supreme.
They are assholes, alright (so is Zuckerberg), but just to keep the record straight: "It's worth noting that Summers isn't exactly a disinterested party in the dispute between Zuckerberg and the Winklevosses. He recently joined the Silicon Valley venture capital firm Andreessen Horowitz, which has investments in Facebook, as a special adviser."
1325 has proven to be support in technicians eyes. ES trading in narrow range but appears to be falling lower presently. If 1325 snaps, the long anticipated break even level of 1312 should oriveto be next support prior to a spiral down to the final support at1300. Staying short. Surf