ES Journal - 2012

[Jestersofmalice]

Quote from Jestersofmalice:

long 1309.5

looking for 1314 and then i'll probably finish for the week

 

[bigsnack]

Quote from bigsnack:

The chart has the right look to me for a move up. I don't think the bearish TL is going to survive this time.

TP limit order at 15.25's

 

[JoshDance]

Quote from bigsnack:

The chart has the right look to me for a move up. I don't think the bearish TL is going to survive this time.

Agree, it's picking up momentum, but there's still uncertainty about paying up it seems, according to the volume.

 

[gmst]

yes seems like game for bears is over, i am turning bullish also.

That was the low when Josh pointed out around 1 PM EST.

 

[JoshDance]

Quote from Jestersofmalice:

looking for 1314 and then i'll probably finish for the week

You've been hitting 100% dude, nice job...

Funny story: I thought your handle for the longest time was "Jetersofmalice" .. and I was thinking you had something against Derek Jeter.

 

[trickshot]

EUR broke 1.32.

 

[bigsnack]

If we are going to go up, we should stay above 11's.

 

[Macho]

Jusy stuck my head in to look at the market. Dead as expected.

Only thing ,who is going to pay for all those ZB's being continually bid up?

 

[trickshot]

Quote from Macho:

Jusy stuck my head in to look at the market. Dead as expected.

Only thing ,who is going to pay for all those ZB's being continually bid up?

The banks? Bernanke is offering them free money "forever" and they are using that money to buy up long dated treasuries, its an almost risk free arbitrage/carry trade.

 

[ammo]

Quote from trickshot:

The banks? Bernanke is offering them free money "forever" and they are using that money to buy up long dated treasuries, its an almost risk free arbitrage/carry trade.

sounds to good to be twue