ES Journal - 2019/2020

[virtusa]

But I do understand how democracies work, unlike some other people

I never said it was not democratic. Show me where I said it was not democratic.

I said it was stupid.

I agree we better stop this discussion. At least on that we agree.

 

[virtusa]

Not true. America is an IMPORT country, whereas the rest of the world is EXPORT country. We can manufacture and sustain ourselves internally. If we were to stop importing from other countries like China, Japan, Korea and the European countries, they will all go under.

Last posting on this subject.

https://www.cnbc.com/2019/06/28/apple-moves-mac-pro-production-from-the-us-to-china.html

Produce it in the US and pay 25% more. Most Americans will not agree. The US made from China an economic superpower.

 

[schizo]

So I'm going over my charts and the data that I use and I'm working it using the tools I use and I discovered I had made a huge ... HUGE error in calculation last week that effectively made me almost dogmatically expect a lower low to trade this past week. It was costly to me not in trading losses but in terms of a terrible lost opportunity cost.

At any rate, I still have the expectation that for weeks and months to come we will range between 2585 +/- and 2975 +/- on the cash SPX.

However, if we trade above Friday's close ESM, I'd expect a 60/40 chance of ESM 2930 +/- by the end of this week. If we trade above this week's high, the odds go to better than 70% odds 2930 ESM trades by Friday of this week.

FWIW, this makes me neither bull nor bear. I am actually neutral, and only a monthly close above 2980 ESM would turn me bullish. Only a monthly close below 2560 ESM would turn me bearish.

Are you guys even remotely aware of this?????!! (Come on, now, wake up.)

 

[NQurious]

Are you guys even remotely aware of this?????!! (Come on, now, wake up.)

That trend line couldn't be any more random, @schizo ... it is meaningless.

 

[Relentless]

That trend line couldn't be any more random, @schizo ... it is meaningless.

+1. I was in the process of replying with the same thing but you beat me to it.

 

[schizo]

Last posting on this subject.

https://www.cnbc.com/2019/06/28/apple-moves-mac-pro-production-from-the-us-to-china.html

Produce it in the US and pay 25% more. Most Americans will not agree. The US made from China an economic superpower.

You think we're a pussy nation, dontcha? You'll be sorely proven wrong. Think back to 9/11. Think back to Pearl Harbor. What happened? We not only broke up Afghanistan and Iraq, we shattererd Al-qaeda. Also, we not only nuked Japan, but we ended the World War 2 for good. So you think we're a pussy nation who will be scared to pay 30% more for Walmart clothes? Think again. And don't come back here with your stupid pussy opinions.

 

[schizo]

That trend line couldn't be any more random, @schizo ... it is meaningless.

Well, we'll see what happens in the coming days.

 

[Relentless]

Well, we'll see what happens in the coming days.

Probably an advance to somewhere in the 2900's with gyrations to shake out more weak longs while sending what's left of the bears to a dirt nap.

Then onto wave's call of 500ish points south.

Then some healthy doldrum action churning back and forth between NQ's levels until things become less murky.

Seems logical anyway.

 

[NQurious]

Well, we'll see what happens in the coming days.

What "trend" do you think you are delimiting with that drawing, schizo?

It is not a trend line.

It is not a supply line.

It is certainly not a demand line.

But it is a line, I'll grant you that.

 

[Noone123]

Probably an advance to somewhere in the 2900's with gyrations to shake out more weak longs while sending what's left of the bears to a dirt nap.

Then onto wave's call of 500ish points south.

Then some healthy doldrum action churning back and forth between NQ's levels until things become less murky.

Seems logical anyway.

I don't think there are many shorts left to shake out. There plenty of bulls now.