ES Journal - 2012

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Quote from BSAM:

KNOCK...KNOCK

Mr. Market: Who's there?
BSAM: BSAM
Mr. Market: BSAM who?
BSAM: BSAM don't worry about it.
That's not the point.
Mr. Market: Well, what's up?
BSAM: Well, here's the deal.
Shortly after 1300 (ET) you gave me a short signal.
You gave up a little.
Then, (as Elvis would say) you seemed to change...you acted
strange.
You started acting all shook up.
Mr. Market: So?
BSAM: So, you're supposed to be going down right now, you
dummy
.
Mr. Market: No, you're the dummy.
Trade what you see, not what you think.


coach bsam!
 
Quote from FreakofNature:

Found this chart in twitter, the resistance looks solid to me.

Those back-tests can be incredibly powerful.

What do you guys think ?

coincides with my 1444 call. Still, i'm not expecting a huge reversal down when we get there. I think we'll go up and up for years and years.
Not that it effects me much as im still pretty much a day trader/ sometimes swing trader, rather than an investor.
 
Quote from Jestersofmalice:

coincides with my 1444 call. Still, i'm not expecting a huge reversal down when we get there. I think we'll go up and up for years and years.
Not that it effects me much as im still pretty much a day trader/ sometimes swing trader, rather than an investor.

You bring an interesting point, as a day trader who really cares right?
 
Quote from FreakofNature:

You bring an interesting point, as a day trader who really cares right?

When you realize that what money you are able to squeeze out of the market is worth much less than it is today and the taxes you/your children pay goes up. The downside of QE.
 
Quote from Lespaulr0cker:

When you realize that what money you are able to squeeze out of the market is worth much less than it is today and the taxes you/your children pay goes up. The downside of QE.

Time to upsize then to make up for inflation :D
 
Quote from Jestersofmalice:

I think we'll go up and up for years and years.

It's comments such as this that are often seen and heard in the media and trading circles right before a major correction.
 
Quote from FreakofNature:

Time to upsize then to make up for inflation :D

I'd advise directing a percentage of profits to a long term holding such as physical gold or real estate. Use safe havens for wealth in case of shakey times.
 
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