ES Journal - 2023/2024

[Master Pu]

Momentum is slowing. The bulls are getting tired. I think we will close near 3915 today.

As for tomorrow, I'm more inclined to go long than short. Maybe another 100+ bagger like 2 days ago?

don't stop, keep going bulls.

 

[schizo]

That's not accurate and you know it yourself.

You posted multiple times this morning how the trend, trend, trend was down. You asked us all to guess which way you thought the next move was...? Surely the implication being it was down. You were saying today would be a down day yesterday as well.

Of course this is all very vague, so you're always in a safe position no matter what happens.

Nothing wrong with being wrong, but it gets really annoying when you can't own up to it and pretend otherwise.



Say what?

C'mon, give him some slack. He can't help himself. He's got the permabear DNA in him.

 

[schizo]

don't stop, keep going bulls.

Trust me, it would be better we get a pullback here so the whales can hop on. Whales are in the wait-and-see mode at the moment, hence all the jerking around earlier today.

 

[c1rcle]

Momentum is slowing. The bulls are getting tired. I think we will close near 3915 today.

As for tomorrow, I'm more inclined to go long than short. Maybe another 100+ bagger like 2 days ago?

Why 3915?

*Oh I can see it now

 

[Master Pu]

Trust me, it would be better we get a pullback here so the whales can hop on. Whales are in the wait-and-see mode at the moment, hence all the jerking around earlier today.

I expect whales to be waiting on CPI this Thursday. Looking at indexes over in Europe, which are breaking out of their bear trends, so is DJIA, I sense SPX is lagging behind here. CPI is likely to be yet another decline and this should be the trigger point for SPX to smash through the declining trend line (seen on weekly). USD falling, crude heading down, commodities heading down too. That's what I think.

 

[NoahA]

Of course this is all very vague, so you're always in a safe position no matter what happens.

I can't for the life of me ever figure out even what he is trying to share. He always just shows charts, apparently alluding to something significant, but no discussion of what he is showing or how its helping him make a trade.

Just like you point out what he posted this morning, saying down not up. The impulsive and corrective are all hindsight, so who gives a shit, and still no trade mentioned at all. I think he's a retired sports guy doing a radio show and describing the action on the field.

 

[mervyn]

I expect whales to be waiting on CPI this Thursday. Looking at indexes over in Europe, which are breaking out of their bear trends, so is DJIA, I sense SPX is lagging behind here. CPI is likely to be yet another decline and this should be the trigger point for SPX to smash through the declining trend line (seen on weekly). USD falling, crude heading down, commodities heading down too. That's what I think.

Except corporate earnings are bad, Samsung profit down 61%, LG profit down 91%, Jeffries profit down 51%, come this Friday big names are starting to report, that is basis of bear theme. Earnings estimates are -4.1%, P/E will have to come down.

 

[Master Pu]

Except corporate earnings are bad, Samsung profit down 61%, LG profit down 91%, Jeffries profit down 51%, come this Friday big names are starting to report, that is basis of bear theme. Earnings estimates are -4.1%, P/E will have to come down.

Yet as you know nothing goes up or down in a straight line.

 

[mervyn]

Yet as you know nothing goes up or down in a straight line.

Yet I bet when some big names miss, that’s a 1-2% drop, like previous quarters. Bears are setting traps, bulls are hedging.

 

[SunTrader]

I can't for the life of me ever figure out even what he is trying to share. He always just shows charts, apparently alluding to something significant, but no discussion of what he is showing or how its helping him make a trade.

Just like you point out what he posted this morning, saying down not up. The impulsive and corrective are all hindsight, so who gives a shit, and still no trade mentioned at all. I think he's a retired sports guy doing a radio show and describing the action on the field.

Since I thought words confuse some folks, I post a chart picture same difference. Oh well.

Isn't everything we discuss hindsight? How do you discuss foresight without a time machine?

And yeah I never said no bias either direction today. Nope, not a once. Oh wait those were words, not pictures. Make a note, no more words.

Funny how some of the same chart pics that I "don't allude to significance yada yada" get likes from others that get it.