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from recent highs to yesterdays / overnight approx LOD's

Dow off 650 or -4.6%
Dax off 740 or -9.1%
FTSE off 625 -9.25%
ASX off 410 or -6.5%
Hang Seng off 400 or -1.7%

anyone short Hang Seng could be in for a good move today - not me unfortunately :(
 
Guys, you think we had it bad look at what happened to the Koreans!

1130 in a day. :eek:
 

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ES has just hit a new low in early morning trade. With the S&P 500 cash sitting at the Feb highs, a break south from here won't do confidence levels in the U.S much good at all.
 

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Whoa! I was thinking a bounce for today, or megadoom.

It's still early, but more bloodletting tonight could be very bad....

.... for the longs.
 
wayneL said:
Whoa! I was thinking a bounce for today, or megadoom.

It's still early, but more bloodletting tonight could be very bad....

.... for the longs.
Click to expand...

yeah I'm a little surprised too. Could just be some stop running before it takes off.
 
professor_frink said:
yeah I'm a little surprised too. Could just be some stop running before it takes off.
Click to expand...

Maybe not such a bad thing to open flat or down a bit. If it opens up big its just an invitation to short. If it opens down a bit its more probable to get the day traders buying up the Futs etc. Similar to what happened today on the SPI and Japan market.
 
Most have begun trending upwards, lots of fish hooks all over the place. I'm only trading small parcel's of cfd, with a dozen or so trades open. If the market as a whole maintains most of its momentum, I'll tighten the stops overnight and see if I can afford to take the rest of the week of :)
 
stormbringer said:
Most have begun trending upwards, lots of fish hooks all over the place. I'm only trading small parcel's of cfd, with a dozen or so trades open. If the market as a whole maintains most of its momentum, I'll tighten the stops overnight and see if I can afford to take the rest of the week of :)
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Hope you've got your stops nice and tight stormbringer. I've opened up a short on the ES. Will be looking to add on a break of 79.
 
professor_frink said:
Hope you've got your stops nice and tight stormbringer. I've opened up a short on the ES. Will be looking to add on a break of 79.
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I'm in too for a little short 40 min ago. Have not traded the night session in a long time getting short a little ES and SPI here will probably not watch till the end just let the stops take care of things. stops just above the highs.
 
trembling Hand said:
I'm in too for a little short 40 min ago. Have not traded the night session in a long time getting short a little ES and SPI here will probably not watch till the end just let the stops take care of things. stops just above the highs.
Click to expand...

Resistance @95 held pretty well this evening. Buyers came in when it got down close to flat for the day, so we might have to wait a few hours before the verdict comes in.

Yeah I'm with you on not watching it all night. Can barely keep the eyes open now:(
 
professor_frink said:
Resistance @95 held pretty well this evening. Buyers came in when it got down close to flat for the day, so we might have to wait a few hours before the verdict comes in.

Yeah I'm with you on not watching it all night. Can barely keep the eyes open now:(
Click to expand...

Boy is the UK strong!!
UK listed BHP has just about recovered from the meltdown.
 
wayneL said:
Soooo... the metamorphosis is not yet complete? :D

dracula.jpg
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Not quite:D

Some moron came and knocked on the front door @ 8:30 this morning, so it's been an uphill battle all evening. He had the wrong house too. He was looking for my neighbour:banghead:

Think I'm going to have to turn myself into a swing trader if I'm going to do more trading in the U.S- the hours are pretty bad now, don't think I'd cope too well with summer trading, unless I start getting out of bed at 1am instead of trying to stay up!
 
professor_frink said:
Not quite:D

Some moron came and knocked on the front door @ 8:30 this morning, so it's been an uphill battle all evening. He had the wrong house too. He was looking for my neighbour:banghead:

Think I'm going to have to turn myself into a swing trader if I'm going to do more trading in the U.S- the hours are pretty bad now, don't think I'd cope too well with summer trading, unless I start getting out of bed at 1am instead of trying to stay up!
Click to expand...
I'm a bit concerned actually, when I get to the UK, trading will actually start in... DAYLIGHT! :eek:
 
Nuts to this I'm going to bed.

Have sell stops in @ 78.5 and 68 to scale in, will be surprised if I get filled on either looking at the current price action.
 
Another huge range day... nearly 40 S&P points.

VIX at a new multiyear high. Long live volatility!!!!
 

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