As per Daneric's rants: The 1220 high in April tried to close
above the Lehman Bros crash date, or as he calls it "the point of
recognition" -- things were never quite the same. In order
for this to be a new bull market, we need to overcome that dreadful
day and we have not -- quite the opposite, we were violently
rejected.
Well, today we attempted to close above the "flash crash" day of
May 6th -- another point of recognition which brought about this
talk of QE2. Now if QE2 is in fact baked in the cake, it
could be a sell the news event and we could be going downtown....
and hard.
And I'm prepared to get laughed at right now for bringing this
up, which would only make it more valid IMO.
apparently a lot of traders think its important -- I'm on a free
trial of futuresmonster, just to see what its like -- I won't
subscribe -- live posts from the pits, and several references to
the flash crash levels today.
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May 6 flash crash candle
Posted by kalinm on 8th of Oct 2010 at 12:05 pm
As per Daneric's rants: The 1220 high in April tried to close above the Lehman Bros crash date, or as he calls it "the point of recognition" -- things were never quite the same. In order for this to be a new bull market, we need to overcome that dreadful day and we have not -- quite the opposite, we were violently rejected.
Well, today we attempted to close above the "flash crash" day of May 6th -- another point of recognition which brought about this talk of QE2. Now if QE2 is in fact baked in the cake, it could be a sell the news event and we could be going downtown.... and hard.
And I'm prepared to get laughed at right now for bringing this up, which would only make it more valid IMO.
I can't even remember that
Posted by admagazu on 8th of Oct 2010 at 12:14 pm
I can't even remember that day...and suposedy the market looks forward.
apparently a lot of traders
Posted by Michael on 8th of Oct 2010 at 12:41 pm
apparently a lot of traders think its important -- I'm on a free trial of futuresmonster, just to see what its like -- I won't subscribe -- live posts from the pits, and several references to the flash crash levels today.