ES Journal - 2012

[Laissez Faire]

If this turns out to be a double top, I will be pissed.

I want 23.

 

[ammo]

12 pt channel, 12 pt break to downside, 12 pt break to upside is 1421 in cash, symmetry

 

[Spectre2007]

Quote from Laissez Faire:

I thought you were ultra bearish?

no matter what personal feelings are gotta do what price is doing..

the updates (charts with lines), show where support n resistance targets are.

 

[Laissez Faire]

Quote from Spectre2007:

no matter what personal feelings are gotta do what price is doing...

Maybe you should differentiate between your "feeling" analysis and "technical" analysis, since you had me confused.

 

[ammo]

trans gave back more than half of this mornings 43 pt move 58-21.5 =36 .5

 

[Laissez Faire]

God damn double top.

1408 then (I hope).

 

[ammo]

see what happens with 13-14 nip

 

[Spectre2007]

Quote from Laissez Faire:

Maybe you should differentiate between your "feeling" analysis and "technical" analysis, since you had me confused.

feelings are the country is going down hill.. with equities to follow. The structural issues are the massive credit crunch has revealed the emperor has no cloths, there is huge non productive portion of the population that will lead us to similar scenarios like Greece, but we have central bank that can print to infinity. The easy credit masks these issues giving people the impression the american dream is alive.

technically if price violates levels you have to shift accordingly.

 

[ammo]

Quote from Laissez Faire:

Maybe you should differentiate between your "feeling" analysis and "technical" analysis, since you had me confused.

hurdle is to fine tune both,90% of which is weeded out ,narrowed down , to what you see, not what you think or feel,less confusion

 

[Laissez Faire]

Quote from Spectre2007:

feelings are the country is going down hill.. with equities to follow. The structural issues are the massive credit crunch has revealed the emperor has no cloths, there is huge non productive portion of the population that will lead us to similar scenarios like Greece, but we have central bank that can print to infinity. The easy credit masks these issues giving people the impression the american dream is alive.

technically if price violates levels you have to shift accordingly.

Appreciate your input.

I just know that sentiment`s been bearish for longer than I care to remember and this market just keeps going higher.

I`m no economist.