Market Precognition

The goal of this blog is to PRE-RECOGNIZE next several moves in the market
I focus on trading the S&P emini futures and T-notes futures.
A loyal reader will begin to understand the themes, memes, and sentiment that leads the market.

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Johnny Hom

Thursday, November 13, 2008

OVERNIGHT PANIC - INTEL WARNS ON Q4




The Grounie for today is 10/15/08. On that day we had the biggest percentage down move since 1987. After the close, we had a panic sell-off just like yesterday night. Initially, you made money shorting that move. However, during European trading, you had a jack that was very painful, and then a big dump to re-test the lows.

Today, we had the lows of 841, a jack during Europe of 863, and then a re-test of 843. I left orders out to capture part of that move. AMAZING.

We should have a recovery by the end of the day.

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