ES Journal - 2015

I personally know people within capital management with masters in finance, all of them consider technical analysis to be just "looking at drawings" and basically a total waste of time, yet whenever I email some of them my forecasts based on price performance analysis and forecasts happen to be correct they put it down to luck. I did have a laugh at one of them ages ago when his firm kept shorting AMZN into a raging bull, because financial forecasts were gloom and doom. What they were ignoring was the fact that whenever a firm is a pioneer and no real competition exists investors will keep piling on as if those stocks are Dutch tulips. And it's only when price action reaches the point/s of exhaustion those financial forecasts start kicking in, but by that time short positions would have been closed.
 
Monthly chart Dow30 displaying declining price action patterns, VIX daily is lining up for range expansion, which also suggesting downside. Naz open gap from October is 10% below. Basically that's what I think, but market may have a different idea :)
 
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