ES Journal - 2013

[Trvlwanderer]

Some "change" can be implemented only through "crisis".

Every indication and lack of transparency leads me to believe the next big change will only come about through a very big crisis.

Anyhow....hanging out at the pivot with a decent target both below and above.

"Up" day with DEMBOYZ$$$ providing the assist in the overnight and tomorrow?

 

[ammo]

may or may not be true http://blogs.wsj.com/eurocrisis/2013/02/13/g-20-has-little-chance-of-preventing-a-currency-war/

 

[mastacoli71]

Quote from Trvlwanderer:

Many people are smart enough to have seen that since the dnc convention....but that really does not matter in the bigger picture of maintaining currencies in the shifting global playing field.

Some cheer-leading from the bully-pulpit would do wonders....if expansion and prosperity is what is really wanted.

What have you seen that warrants any indication of boosting the economy besides printing?

absolutely nothing. i agree with you 110%. unlimited printing does not work, Japan proved that. not sure why Bernanke thinks it will be diff for the US. deleveraging is a painful process. you can either peel it off slowly (alla Bernanke) or you can rip it off; either way it gets one to the same place, the wound is still.

what u see in the media is all fluff, continued grind higher has very low volume. will we wake up one day from an unexpected geopolitical event where the mkt is down double digit %'s, nobody knows but it is possible.

very strange that mkt is so calm with sequesters due to kick in within a few weeks. sure they may kick can down the road again.

 

[ammo]

not a fib guy so please chime in

 

[gmst]

What a day. Nailed 3 out of 4 big moves of the day. 3 trades - all winners.

1) First shorted around 1521, covered at 1515.
2) went long at 1515 covered at 1518
3) then waited......missed the short down wave
4) Finally, went long again at 1514.5 covered at 1517.5.

Had lost money yesterday, today made twice yesterdays loss. Heading out. Good luck everyone.

 

[mastacoli71]

Quote from ammo:

may or may not be true http://blogs.wsj.com/eurocrisis/2013/02/13/g-20-has-little-chance-of-preventing-a-currency-war/

each country is walking a fine line right now trying not to kick sand in the others face. i think it is funny how they claim let mkt forces dictate currency rates, not sure how they can say that with a straight face.

once again media stunts where they try and deflect attention.

reality, strong currencies hurt exports and any country that is dependent on them pay the price. i wonder why Russia is loading the boat on gold right now.

http://www.bloomberg.com/news/2013-...ld-into-bullion-as-russia-out-buys-world.html

 

[mastacoli71]

http://www.bloomberg.com/news/2013-02-14/u-s-stock-futures-drop-as-euro-area-recession-deepens.html

euro recession deepens? how can that be, what a surprise.

 

[ammo]

Quote from Spectre2007:

Just think of the wealth creation out of thin air that occurred with indexes up at these levels from the multiple crash lows over the past 15 years. That paper wealth is used to increase corporate credit creation and business merger and aquisition activity. Plus it makes American companies expensive to buy for outside interests.

Goose your own indexes...

think of the profits to come from these new shorts when the ponzi is over

 

[ammo]

Quote from ammo:

12 avg, 11 bid for a reduce

add 14,avg 12.70 add 15

 

[gmst]

got long at 1512 and bidding 1 more car at 1508.

I think if we see 1505ish level, it will be a great level to go long for 15-20 pt.