Quote from FreakofNature:
Well, you certainly in the right place and in the right trend to post a top call
Well the crash has begun. 70 ES points in three weeks is too much for Bernanke.
ES Journal - 2012
- Thread starter Buy1Sell2
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Well the crash has begun. 70 ES points in three weeks is too much for Bernanke.
Will help from a nasty set of 'riggings'.
a market thats moving higher during a election period, with systemic underpinnings not really there. The economy is being maintained at current levels by never ending debt. As long as the government chooses to pump trillions of dollars to support the economy the pain is just put off.
there are no jobs, and the jobs that are there are being maintained by artificial stimulus. The derivatives bubble popped, so its been extremely hard to ignite the market.
massive stimulus can ignite it but only on inflationary course. When enough money is pumped in, the money supply will eventually trickle down and drive a inflationary spiral.
currency values will deteriorate. Its all occurring in a slow motion in terms of the large timescales involved in these cycles.
there are no jobs, and the jobs that are there are being maintained by artificial stimulus. The derivatives bubble popped, so its been extremely hard to ignite the market.
massive stimulus can ignite it but only on inflationary course. When enough money is pumped in, the money supply will eventually trickle down and drive a inflationary spiral.
currency values will deteriorate. Its all occurring in a slow motion in terms of the large timescales involved in these cycles.
Quote from failed_trad3r:
Well the crash has begun. 70 ES points in three weeks is too much for Bernanke.
so you are per this journal short es now?
No I am short average 1360 for over a month (scalped in and out too). But I will make back my money soon
This rally is nothing to me.
I really like this entry tactic. It was about the only thing I ever tried that worked in mild markets, directionally, when trading long options.
I'm just scaling in. My view is that this thing is going down hard unless we rise significantly above 06 soon. I see LHs and LLs on the hourly (trendline support @ 06 broken this morning), 06 also happens to be the pt where the fed minutes ramp up started. There was also a rejection of ES1415-1420 2 days ago (1424.75 intraday high).
All in all there is no reason to not go short now, the R/R is good enough for me.
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