ES Journal - 2019/2020

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schizo said:
I don't think we'll drop much today, maybe down to 2808. I'd be surprised if we drop below 2800.
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I doubt it too, but anything can happen. We're pulling back a bit further now than I anticipated, so who knows. We're at price levels where bears should start showing up if there's any intention of taking this lower anytime soon.

But for now - I'm seeing this as a deep pullback only. IMO, as always. :)
 
hafez50 said:
I disagree. Several weeks we had worse #'s and the mkt still ran. The truth is the market doesn't care what the #'s are . The fed's thrown Trillions at this and there's no were else to put your money. Oil collapsing should have scared the crap out of the mkt and it didn't . Interest rates zero, oil collapsed, cd's zero. Who cares if stocks trading at 2 times what their worth? Your chasing an asset for appreciation for days or weeks . Greater fool theory .
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Completely agree with this. In other words: it is a bubble. There were quite clear signs earlier but now it cannot be denied anymore: the link between value and price is gone.
 
Laissez Faire said:
I doubt it too, but anything can happen. We're pulling back a bit further now than I anticipated, so who knows. We're at price levels where bears should start showing up if there's any intention of taking this lower anytime soon.

But for now - I'm seeing this as a deep pullback only. IMO, as always. :)
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I agree much deeper pullback than i expected. But the run was much greater also
 
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