ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Lure the sheep to the slaughter, time in the market is bad. Get in and out either way.
saw this in futures mag..
Short Term Trends are bullish.
Confirmation of a bottom with a range violation on 01/15/13 @ 1469.25. Confirmation of a bottom with a close violation on 12/31/12 @ 1420.00. Upside Targets = 1452.00 ââ¬â 1471.50 ââ¬â 1505.25*.
Bullish OVB generated on Tuesday making new highs on the current move @ 1505.75.
The March S&Ps broke firmly through the psychological barrier of 1500 on Tuesday and even closed just off the sessionââ¬â¢s high as it closes in on the RBB and primary stochastic indicators are at their highest levels ever recorded.
With the only upside objective left for the market at 1514.75, my Q1 target, the S&Ps should be nearing a ST top and see a modest correction after being on pace for its best January ever.
Projected Daily Range: 12.50
Projected Weekly Range: 33.75
Projected Monthly Range: 76.00
ovb new highs ... stochastics.. highest ever recorded... haha.. next the fucking moon? come on..
Short Term Trends are bullish.
Confirmation of a bottom with a range violation on 01/15/13 @ 1469.25. Confirmation of a bottom with a close violation on 12/31/12 @ 1420.00. Upside Targets = 1452.00 ââ¬â 1471.50 ââ¬â 1505.25*.
Bullish OVB generated on Tuesday making new highs on the current move @ 1505.75.
The March S&Ps broke firmly through the psychological barrier of 1500 on Tuesday and even closed just off the sessionââ¬â¢s high as it closes in on the RBB and primary stochastic indicators are at their highest levels ever recorded.
With the only upside objective left for the market at 1514.75, my Q1 target, the S&Ps should be nearing a ST top and see a modest correction after being on pace for its best January ever.
Projected Daily Range: 12.50
Projected Weekly Range: 33.75
Projected Monthly Range: 76.00
ovb new highs ... stochastics.. highest ever recorded... haha.. next the fucking moon? come on..
i don't know if there is any truth to the PPT at the NY Fed Reserve, seen several articles about it on zerohedge. maybe there is some truth to it. i always ask myself how the european economy is truly in a recession yet euro is getting stronger by the day??? are they really in that much better shape then we are? scary times when they stop becoming the bulk buyers.
The PPT is real, you can thank them for circuit breakers, etc. They will allow a pullback when they feel the time/price is right to achieve the goal of stable/growing equity markets.
I have talked with a 30 year veteran who was in the market wizzards book about this subject. He said he can tell when the "computer" is off and when it is on. Meaning when the market is being controlled in some manner rather than operating freely.
I have talked with a 30 year veteran who was in the market wizzards book about this subject. He said he can tell when the "computer" is off and when it is on. Meaning when the market is being controlled in some manner rather than operating freely.
The 10 year yield is above 2% near resistance... Equity markets are allowed to retrace when there is too much pressure on bond markets. So the computer may be switched off more. If equities truely go parabolic .. 10 year yields could shoot to 4% in a heart beat.
The benefits of printing money and funneling it into your own markets are too numerous. Since USD consumption engine must continue for infrastructure build up in China. The US fights the buyers of the debt by devaluing the base currency and not letting the holders of the debt convert it into hard assets of the country issuing the debt. Instead China is buying hard assets anywhere they can to convert paper wealth to hard.
L 1493.50