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  1. S

    ES Journal Archive (2009 - 2010)

    NO ONE knows the future. You analyze price action, trying to figure out which key levels price is more likely to test; and then place your bets, trying not to cut off profits if you are right, and trying to cut losses if you are wrong.
  2. S

    Why did God......

    Faith without works is dead, and talk is cheap.
  3. S

    ES Journal Archive (2009 - 2010)

    AND inverse head and shoulders too.
  4. S

    Why did God......

    The dating of the earth's history is not "theory"--the evidence is not theoretical, but is physical and quantifiable. This physical and quantifiable evidence is proof positive that the earth has a long, long, long history, and that mankind has a relatively short history. One needs a great...
  5. S

    Why did God......

    It has nothing to do with my age. It has EVERYTHING to do with the historical record of the earth. I also believe that the US had a civil war, that George Washington was a real person, and that the Roman Empire did exist, even though I wasn't around for those either. Do you?
  6. S

    Why did God......

    The first man--Adam, Bort, Joe, Thor, Ravishing Rick Rude, whatever one wants to call him--came into existence over 500 million years after animals.
  7. S

    ES Journal Archive (2009 - 2010)

    It is only funny if you are in the elite. 1% a month compounded comes out to around 12.7% a year. Over a ten-year period, how many traders (not buy and holders, but traders) earn that? How about twenty years? Most futures traders are IN THE LONG RUN losers; their demises are inevitable...
  8. S

    Why did God......

    This is just one of many inconsistencies and logical contradictions in the story. An omniscient God knew that Adam and Eve would sin even though God make them perfect (but not "perfect" enough, apparently). The inconsistencies and problems with the story are fatal to Christianity.
  9. S

    ES Journal Archive (2009 - 2010)

    1% a month might seem modest, but for a futures account, 1% a month OVER THE LONG HAUL puts one automatically in the elite, since most futures traders will lose more than they take out in the markets. In futures trading, there are some winners, but a whole lot of losers.
  10. S

    Philip J. Berg, Petitioner v. Barack Obama

    Where did all of the conspiracy theorists go?
  11. S

    Louisiana Passes Rules Implementing Historic Academic Freedom Act

    The evidence for evolution is overwhelming: it simply is the best explanation for what is known in the fossil record about the historical development of life. The evidence for evolution, though, is not just from the past. If you ask nicely enough, and exhibit an open mind, I'll explain...
  12. S

    ES Journal Archive (2009 - 2010)

    VWAP is a sell zone for this current rally after the 20 point move from high to low this morning. S1 is still in play.
  13. S

    ES Journal Archive (2009 - 2010)

    860 is unlikely, since the market took several cracks at breaking through R1 and failed (2 right at R1, and a lower high). That suggests PP as next target, and even possibly S1. If R1 fails, then S1 may well be in play. That said, expiration Fridays have a mind of their own.
  14. S

    1/4% Tax on all stock trades pushed in NY Times today

    Those letters supporting Herbert's suggestion are scary. The hate, the envy, the get them bastards kind of logic. It is almost as if their minds are made up; not one argument from those who oppose this ridiculous proposal was challenged.
  15. S

    Louisiana Passes Rules Implementing Historic Academic Freedom Act

    Intelligent design is neither science nor a scientific theory and should therefore not be taught in a science classroom. Rather, it should be taught in World History, Social Studies, or, if they have it, a philosophy course.
  16. S

    ES Journal Archive (2009 - 2010)

    I'd like to see 880 or higher, but especially 885. I doubt that will happen--highest probability is listless Friday, and more downside next week. After all, that gap at 800 SPX still is asking for it, so to speak.
  17. S

    ES Journal Archive (2009 - 2010)

    Pivot point has been hit. Now what? NO ONE KNOWS. We make educated guesses based on past observations, and limit our risk in case we are wrong.
  18. S

    ES Journal Archive (2009 - 2010)

    Those who went long today are de facto members.
  19. S

    ES Journal Archive (2009 - 2010)

    I'd second that. If the previous day's low becomes support, the pivot point is the next stop on the resistance train. If the PP resistance attracts additional buyers, thereby becoming support, then the previous day's high is the next stop.
  20. S

    ES Journal Archive (2009 - 2010)

    They try to shake you out of a good position with false breakdowns. That's the game.
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