ES Journal - 2017/2018

[speedo]

As a citizen I don't like bear markets but as a trader I love them. This steroidal volatility does however require adjustment in trade plan parameters.

 

[Laissez Faire]

The reason why this is not a completely worthless journal is because of people like him:

Thanks, Pekelo.

I don't normally make long term predictions, but once in a while I feel there's enough data to make an educated guess. Sadly, I wasn't able to profit on it. At least not as much as I could have...

 

[mastacoli71]

Thanks, Pekelo.

I don't normally make long term predictions, but once in a while I feel there's enough data to make an educated guess. Sadly, I wasn't able to profit on it. At least not as much as I could have...

2533-2554 cash...you may get another op

 

[jpiper]

Come again?
I could give a sh!t what the 200 day average is saying because it has zero impact on my decision making.

I'm not going to school you on all of the economic variables that usually collide to incite a bear market - do your own homework.

Frankly I don't care what your "catalysts" are. But it appears you should have cared about the 200 day average. Sounds like YOU need some schooling about the idea that the stock market is a leading indicator. Anyway, post your "catalyst" when it turns negative. LOL!

 

[mastacoli71]

To put things in perspective, in March 2013 we broke through previous all time high level. That’s roughly 46% below the 2941 cash high we made this year...only 5.5 years ago.

Ask yourself what is really different between now and then and it can give one a glimpse of how realistic a drop back to that level is. 5.5 years up and could take only 1-1.5 years to drop back down.

 

[mbondy]

Let’s see what happens. In the meantime bulls and bears can make money in this range

Agreed.
I think as long as stock buybacks are in play, the market can continue to support its own euphoria - a rather unique situation. If FAANG or Tesla starts having serious problems, this could cause a marketwide disruption that would have a bit of a domino effect. With the onset of the algo's, that could get out of control quickly.

Just throwing out ideas. Something will break eventually.

Congratulation for the 100 points anniversary of your stop loss!!!

And children, this is how a 150 points loser becomes a 250 points loser...

Lol you guys are harsh.

.....and children, this is what a bear market behaves like.

This is a bloodletting and it looks like most large players are just standing aside. Time will tell.

 

[mbondy]

Frankly I don't care what your "catalysts" are. But it appears you should have cared about the 200 day average. Sounds like YOU need some schooling about the idea that the stock market is a leading indicator. Anyway, post your "catalyst" when it turns negative. LOL!

Do i know you? One down week and we're in a bear market now?

Another ET idiot who thinks technical indicators are magic. Feel free to school me, bud

 

[Laissez Faire]

The market is down 292,50 points/-10,0%, continues making new lows and people are still waiting for a 'bear catalyst'.

By the time they get their catalyst, it's probably time to be a buyer.

That said, I think it's a time where one can start to anticipate a potential bottom. Not that I'm calling one.

 

[FriskyCat]

By the time they get their catalyst, it's probably time to be a buyer.

Very good point.

 

[mastacoli71]

From the time we topped in 2007, took 6 months to drop roughly 20% before bouncing.