ES Journal - 2012

[ammo]

technically we should have stalled at these spots after the bounce,blew thru them,move like that would have made it to target,didn't..blew thru the 1404-7 ,all that is irregular

 

[sellindexvol66]

Quote from ammo:

does the failure to come to a fiscal cliff bandaid or the failure of all those swap rolls he alluded to count,pretty sure gsax made a killing fading them the 1st time around

Sure, all possible..despite sounding bullish in my 20 yrs trading the 2008-2011 es daily swings of 50 points were my best...I just do not see what wave predicted unless an unpredictable non t/a type event occurs.

 

[Rickshaw Man]

Quote from Daring:

Well let's be realistic, even if a bull was coming in plain daylight heading straight to you and you were standing right in front of him with eyes wide open, you would not see it.

No offense, but your reads are pretty bearishly biased no matter what the market is doing.

Yep

 

[Spectre2007]

Market is only rewarding bulls. That market could be any combination of money managers slash FED. The FED has basically controlled the bond market, a much larger market then equities. Which implies they are controlling equities too. There are rumors that the FED is involved in equities also. If you look at price action there are many rescue gaps pushing prices through resistance. It's not a consolidated price pattern like previous bull runs. The FED is basically handing out free money.

 

[Spectre2007]

By the FED pumping money into index futures/ components.. It's basically inflating out the private sector. It's protecting pension plans and US company values. The destruction in wealth from the multiple crashes over the years has led to a large credit gap. The amount of wealth destroyed has to be put back into economy in various ways.

 

[Trvlwanderer]

Exactly!

 

[mastacoli71]

EURUSD daily. See if that trend line resistance can hold. Would help the bears.

 

[Rickshaw Man]

Quote from Spectre2007:

Market is only rewarding bulls. That market could be any combination of money managers slash FED. The FED has basically controlled the bond market, a much larger market then equities. Which implies they are controlling equities too. There are rumors that the FED is involved in equities also. If you look at price action there are many rescue gaps pushing prices through resistance. It's not a consolidated price pattern like previous bull runs. The FED is basically handing out free money.

Indeed they are handing out free money. To get your just go long on a dip.

 

[Spectre2007]

Bond markets overall trend is up, equities trend is up.. Meaning the bond market has more tendency to rise over time even though markets are inversely correlated intraday. So when equities rise the bond market doesn't gap down a equivalent correlated amount. When equities dip, the bond market gaps up more then the correlated amount. So the traction between markets is overall up..

That's how the FED is controlling both markets. Intraday they are stepping into both markets at resistance and blowing through resistances.

 

[gmst]

so confused.....one side of me tells me to go long, another side tells me to go short ---- so I will wait patiently without a trade.