ES Journal - 2012

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Quote from Handle123:

going to try selling 1430.50

R 3 ticks

TP 4/12 ticks

Plus 4/8 ticks

Today been very fun day

And long term, still short from 1463.75, got to stick with the rules of my system

Long 1428.25

R 4 ticks

TP 4/8 ticks
 
Quote from Handle123:

Plus 4/8 ticks

Today been very fun day

And long term, still short from 1463.75, got to stick with the rules of my system

Long 1428.25

R 4 ticks

TP 4/8 ticks

Plus 3/3 ticks
 
Quote from fishing:

looks scary... relentless selling here..

where is the FED?

Recall that when the FED was conducting POMO during QE2, they purchased fresh UST's from PD's, who took the cash and bought stocks.

Now, during QEn, the FED is buying MBS reserves from banks, who need to keep the fresh cash as reserves, since the MBS crap was marked to fantasy and would never be able to be liquidated on the open market, if a bank needed to honor their deposits.

In other words, now that everyone finally believes in QE, they ain't getting the one they think is coming......

:eek:
 
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