Futures

Are down pretty big ES 1296 See you guys/gals in the morning... SL

The rally is falling apart... ES below 1300 already... ES dropped 15 points already during the overnight session on vapor volume, basically the entire rally is almost given back. Just amazing; the market makers are looking for any hit on the bid to take the index lower before Europe opens... btw, I tried to sell short merely 100 ES contracts at 1301 just to see where it was going at the lower TL (hourly chart) and it was enough to break it down 5 points, filled only 10 contracts. I think I just entered the order that triggered a bunch of other stop orders. I presume it will retest 1300 before going any lower, so I took my big profit of the 5 points, but I will look to short another pop... Good luck.

Nikk down 400 so far tonite, funny, they seem to doubt the Feds efectiveness.

There's always a bigger fish...

I read an excellent article today proving that yesterday's rally was primarily based on short covering. The economic problems facing this country are far from being over. Housing inventory = 1 year unsold homes Foreclosures increasing rapidly Oil prices keep going up Iraq war draining treasury Trade deficit continues at high levels Budget deficit nearing $400 Billion + Sub-prime bonds are worthless US dollar keeps declining Import prices from all countries except Zimbabwe are inflating Food prices rising due to stupid ethanol subsidies & laws Corporate profits trending down...this is the worst of all factors affecting the market Job creation negative for 2 months & likely to continue anemic What did I miss?

Edited by pdx5, 13 March 2008 - 02:28 AM.

Where are you guys getting your best pre-market info. I've always used CNN Money - but it seems to be down todnight.

The rally is falling apart... ES below 1300 already...

ES dropped 15 points already during the overnight session on vapor volume, basically the entire rally is almost given back. Just amazing; the market makers are looking for any hit on the bid to take the index lower before Europe opens...

btw, I tried to sell short merely 100 ES contracts at 1301 just to see where it was going at the lower TL (hourly chart) and it was enough to break it down 5 points, filled only 10 contracts. I think I just entered the order that triggered a bunch of other stop orders.

I presume it will retest 1300 before going any lower, so I took my big profit of the 5 points, but I will look to short another pop...

Good luck.

I have often wondered how much volume there is in overnight trading. I am not sophiscated enough to be able to find out.

I see the overnight trading lead Asia and Europe both up and down. This means the overnight is leading whole continents of trading. It just seems ripe for manipulation or maybe I am just thinking too much.

Where are you guys getting your best pre-market info. I've always used CNN Money - but it seems to be down todnight.

It's delayed but it will work

http://www.cme.com/t...del/globex.html

Thanks emee.