ES Journal - 2023/2024

vanzandt said:
Not being dramatic here, but its a code some of us live by. Now this is the internet, but PM's are PM's.
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Yes. Private messages are private messages, unless otherwise agreed upon by both parties.

I did see you reference triple witching day earlier in this thread. Correct me if I'm wrong, but that's next month, right? And I think they call it quad witching these days.
 
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Laissez Faire said:
Yes. Private messages are private messages, unless otherwise agreed upon by both parties.

I did see you reference triple witching day earlier in this thread. Correct me if I'm wrong, but that's next month, right? And I think they call it quad witching these days.
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Witching is the third Friday of a month. Triple witching is the third Friday of a quarter. Quad witching is the third Friday in December.

And I don't even trade stocks. *sniffs*
 
schizo said:
I knew you'd come knocking :D So what's the downside target? Got one? I'm tempted to say 4750, but that sounds like a stretch. Maybe 4850.
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Schiz... you couldn't be more right.
Next stop is 4800.
We're going down into March. And 4800 might be mild.
You don't even want to know what the mp is showing for year end. I'll be run out of here on a rail if I wrote it.
 
vanzandt said:
Schiz... you couldn't be more right.
Next stop is 4800.
We're going down into March. And 4800 might be mild.
You don't even want to know what the mp is showing for year end. I'll be run out of here on a rail if I wrote it.
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I tell you, I would be very interested to know what your mp shows for EOY, because as I explained earlier, I find merit in that pencil after witnessing what it marked in the past. A great dip to buy.

As long as it doesn't mark a year like 2022, which I realize that is not what it does, us bull swingers won't be hurt.
 
Overnight said:
I tell you, I would be very interested to know what your mp shows for EOY, because as I explained earlier, I find merit in that pencil after witnessing what it marked in the past. A great dip to buy.

As long as it doesn't mark a year like 2022, which I realize that is not what it does, us bull swingers won't be hurt.
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-20%
But ON, that's why I didn't want to say it because the way things are... I'd rather just bite my tongue and not be proven wrong. :cool:
 
vanzandt said:
-20%
But ON, that's why I didn't want to say it because the way things are... I'd rather just bite my tongue and not be proven wrong. :cool:
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Mmmm, 20% is harsh. I'll salve it for you and speak for you vicariously, and say 10-15% would be a great dip to buy.

But there is one problem...This is uncharted territory on the FA front, because inflation is falling along with falling interest rates in an election year when Mr. China tariff man is going to get re-elected.

I.E., long-term swingers are fucked for now. :-( Meanwhile, the VIX will probably not spike above 20 again until election night, or if we have nukes flying.
 
That's why I didn't want to say it.

And no, 10-15 % would be a bad idea. 22% at a minimum.

But like I said, I'd do better not saying anything. Because I could be totally wrong. I mean tech and AI is where it's at. The problem I see, no matter who gets elected, and I hate to say it... but there's gonna be civil unrest. Will that be bad for the markets? Probably not for tech. But the fear factor might be.

And don't even comment ON, because I'd prefer to not go down this rabbit hole with you atm. It is what it is.
 
vanzandt said:
-20%
But ON, that's why I didn't want to say it because the way things are... I'd rather just bite my tongue and not be proven wrong. :cool:
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Is that by EOY? As I've been rattling in another thread, I'm expecting a full-fleged recession by Q3, so 20% is about right for the year. But is that the end of the slide? I don't think so.
 
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