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ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Well it hit my target on those i shorted at 98.25, the rest i could have kept, but i could be wrong, market might smash up, FOMC days are a pure gamble.
Still technically, really looks like a major top here tbh. A good 10-20% correction imho.
Fundamentally, stocks are expensive, I see the US in a recession by the 1st quarter of 2014.
A taper of $5 billion per month has been discounted by the market, but anything much more than that, say $20 billion would make stocks go into freefall.
Still technically, really looks like a major top here tbh. A good 10-20% correction imho.
Fundamentally, stocks are expensive, I see the US in a recession by the 1st quarter of 2014.
A taper of $5 billion per month has been discounted by the market, but anything much more than that, say $20 billion would make stocks go into freefall.
Quote from Visaria:
Well it hit my target on those i shorted at 98.25, the rest i could have kept, but i could be wrong, market might smash up, FOMC days are a pure gamble.
Still technically, really looks like a major top here tbh. A good 10-20% correction imho.
Fundamentally, stocks are expensive, I see the US in a recession by the 1st quarter of 2014.
A taper of $5 billion per month has been discounted by the market, but anything much more than that, say $20 billion would make stocks go into freefall.
I disagree but good luck to both of us.
Quote from Visaria:
Well it hit my target on those i shorted at 98.25, the rest i could have kept, but i could be wrong, market might smash up, FOMC days are a pure gamble.
Still technically, really looks like a major top here tbh. A good 10-20% correction imho.
Fundamentally, stocks are expensive, I see the US in a recession by the 1st quarter of 2014.
A taper of $5 billion per month has been discounted by the market, but anything much more than that, say $20 billion would make stocks go into freefall.
Never understood the need to call market tops before tops actually form. Why must you be bearish before the price actually turns bearish ? For Pete's sake, not even a daily bar turn down.
I thought you were a trend trader, on what timeframe, the 1 second?
Quote from Trader.Fighter:
Never understood the need to call market tops before tops actually form. Why must you be bearish before the price actually turns bearish ? For Pete's sake, not even a daily bar turn down.
I thought you were a trend trader, on what timeframe, the 1 second?
couldn't have said it better
Quote from Trader.Fighter:
Never understood the need to call market tops before tops actually form. Why must you be bearish before the price actually turns bearish ? For Pete's sake, not even a daily bar turn down.
I thought you were a trend trader, on what timeframe, the 1 second?
Sounds like to me vis is giving a fundamental case.