ES Journal - 2019/2020

[vanzandt]

the bear market conditions

VAGUE!

Help us out here B1.
Please define "bear market conditions" as they apply to the here and now. Where do you even get that?

Before we can say we are in a bear market, we need a 20% drop from the highs. 600 points give or take. 2400ish. For "bear market conditions", we would need to stay down there, churning in some kind of channel. So while you may have you own phraseology, and this is certainly your thread... please be aware that under the universally accepted vernacular of the professional trading world... your terminology is dead wrong.

Now.... if you say: "eventually we are going to get sharp pullback that could lead to a bear market, and it may happen very soon imo".... then that is acceptable. But as it stands we are NOT in a bear market and we are NOT experiencing "bear market conditions". The mere threat of a pullback doesn't mean diddly. Do you understand this?

So read up on proper terminology as you are spreading FAKE NEWS.

Other than that... don't change.

 

[maximumpossiblesuffering]

VAGUE!

Help us out here B1.
Please define "bear market conditions" as they apply to the here and now. Where do you even get that?

Before we can say we are in a bear market, we need a 20% drop from the highs. 600 points give or take. 2400ish. For "bear market conditions", we would need to stay down there, churning in some kind of channel. So while you may have you own phraseology, and this is certainly your thread... please be aware that under the universally accepted vernacular of the professional trading world... your terminology is dead wrong.

Now.... if you say: "eventually we are going to get sharp pullback that could lead to a bear market, and it may happen very soon imo".... then that is acceptable. But as it stands we are NOT in a bear market and we are NOT experiencing "bear market conditions". The mere threat of a pullback doesn't mean diddly. Do you understand this?

So read up on proper terminology as you are spreading FAKE NEWS.

Other than that... don't change.

Being a devil’s (Buy1Sell2’s) advocate, if one adjusts stock market performance for monetary policy, it could be argued we are in a bear market. For example, look at a recent chart of the Dow priced in gold. Even long term, a chart of ZB priced in gold is revealing. Yes, using gold as a proxy for the effect of easy monetary policy is questionable, but I can’t think of a better indicator that isolates intangible asset inflation right now. Gold is still below its 2011 peak of nearly $1900, which seems to weaken my thesis, but may point to the appreciation potential of gold. One thing is for certain, fighting the Fed by shorting stocks long term is not profitable. Whether your monetary base is gold or a currency.

 

[speedo]

A bear market can be precipitated by any number of things but this ain't one. When it is, it will be obvious to everyone....including B1.

 

[Buy1Sell2]

The bear market which began in March 2019 continues here. All we have going right now is normal bear market bouncing to test upper levels of the noise. I expect lower prices.

 

[Buy1Sell2]

Right near the top of this bounce here at 2982 and I expect a large downturn into the closing.

 

[Buy1Sell2]

Headed out for 18-----Talk to you soon----

 

[speedo]

The bear market which began in March 2019 continues here. All we have going right now is normal bear market bouncing to test upper levels of the noise. I expect lower prices.

Everyone expects lower prices....eventually

 

[speedo]

Since you announced your "bear market", we've made numerous ATH's which is the nature of a BULL market. Enjoy your round, Sam Snead.

 

[syswizard]

Headed out for 18-----Talk to you soon----

Golf during RTH ? What's up with that ?
Why not tee-off at 4:15 pm ?

 

[Overnight]

Golf during RTH ? What's up with that ?
Why not tee-off at 4:15 pm ?

Because obviously he makes all his money by noon going short all the time, so why hang around the house?