ES Journal - 2012

[Handle123]

looking to buy 1428.00

R 3 Ticks

TP 4/8 ticks

 

[Handle123]

Quote from Handle123:

looking to buy 1428.00

R 3 Ticks

TP 4/8 ticks

Plus 1 TICK

 

[Spectre2007]

The pervasive pessimism is keeping many previous market participants from entering back into equities. As the populace looks to credit markets for money holdings. It's creating the largest credit bubble all time. It's just not localized to USA. The limited participants in equities have to fend and fight for the naive pools of cash that enters the market looking for return or fight each other for each others cash from trading.

The fed treasury will be the buyer of last resort as the public stays out of the markets. Profits from trading are ultimately subsidized by the government.

 

[ammo]

Quote from Lawrence Chan:



The high prob part is now pocketed.

The rest is up to PPT.

good call LC

 

[ammo]

Quote from ammo:

uvol over dvol now 2.8 to 1, 26 bid for a reduce

cxl bid http://www.forexfactory.com/#detail=41546 more imf meetings ..leaving a 14 bid for reduce

 

[Trvlwanderer]

Quote from Spectre2007:

The pervasive pessimism is keeping many previous market participants from entering back into equities. As the populace looks to credit markets for money holdings. It's creating the largest credit bubble all time. It's just not localized to USA. The limited participants in equities have to fend and fight for the naive pools of cash that enters the market looking for return or fight each other for each others cash from trading.

The fed treasury will be the buyer of last resort as the public stays out of the markets. Profits from trading are ultimately subsidized by the government.

Indeed.

Spot on spectre.

 

[Lawrence Chan]

Quote from ammo:

good call LC

Clearing low 20s will give us the prize for this run - below 1400.

Very difficult zone here to crack I guess the odds of the double top happening at this point is less than 50%.

The DT is visible across 2 months on Dow and ES.

 

[Daring]

Quote from Lawrence Chan:

Clearing low 20s will give us the prize for this run - below 1400.

Very difficult zone here to crack I guess the odds of the double top happening at this point is less than 50%.

The DT is visible across 2 months on Dow and ES.

Are you saying the DT has less than a 50% of working right now or once we break the 20s?

 

[Lawrence Chan]

Quote from Daring:

Are you saying the DT has less than a 50% of working right now or once we break the 20s?

The DT neckline was rejected yesterday on first try.

Depending on how far ES managed to bounce before a 2nd try, the neckline may not even break, so the DT may be dead on arrival - before it can fully form and trigger a large sell formation, it may be difused already.

As I said in the update post - all upto PPT.

 

[ammo]

hns