You keep replying to my posts. You are the only one who felt the needed to defend your failed ROT Journal (even going so far as to ask "Is no one going to defend the ROT"?). From where I'm sitting, there's nothing to defend. The results pretty much speak for themselves and the ROT is dead in the water. Ah, trading, I love it. The Ultimate Democracy.
repub's are gonna grandstand this thing,will come up with a politically apt,financially useless plan,going home short ,should be a lot lower sund nite,1205,1198 somewhere down there
this is no different than yesterday. when the news comes out over the weekend that the deal is dead the market will go hyperparabolic to the downside so fast it will make your head spin. i don't want to be long when that happens.
agreed. however i'm going home flat. i'd rather not stand in front of the train nor do i wish to attempt to catch the falling knife.
ES daily looks like a break out of its fuzzy triangle if it holds into close. NQ still inside its triangle. Could be explosive to the upside next week.
the only problem is that we did not take out yesterday's high nor did we close above it. remember the close of 9/12? On 9/15 the mkt gap down 15 ES pts lower and continued to crash. Once your in your in. I think based on what happend to me last night the risk far outweighs the reward. I say no bailout this weekend and the mkt crashes Sunday night into Monday. i guess we will have to wait and see this sunday at 6pm right.
**********ALERT************** Speaker Nancy Polosie due to speak any minute about the bailout! Also, WACHOVIA is being bought by Citigroup buying wachovia according to bloomberg tv!!!!!!!!! a thread has been started which includes a photograph of a run on the bank. I dont' know if this photo is for real or not. http://www.elitetrader.com/vb/showthread.php?threadid=138500 :eek: ES could go limit down on Sunday night if no bill is passed.