ES Journal - 2023/2024

[Relentless]

Like I said...Maybe these people had visions of STR in their heads from yesterday when it worked. Today it did not. Everything is easy with Mad Dog 20/20.

The Mad Dog 20/20 consumption would explain the poor analysis and novice calls.

 

[Cessna06P]

The whole system is a house of cards. Debt that cannot ever be repaid? It will fail eventually. "When all else fails "THEY" take you to war, Gerald Celente. We left "normal" a way's back in more ways than one and it will never return. With the current geopolitical situation everything could change at the drop of a hat.

 

[Cessna06P]

We are trading counting coup in FRNs. SA just said they will trade oil in other than dollars, then there is the budget limit TBD if it will be raised. Interesting times, What could go wrong? Stay away from crowds.

 

[schizo]

We are trading counting coup in FRNs. SA just said they will trade oil in other than dollars, then there is the budget limit TBD if it will be raised. Interesting times, What could go wrong? Stay away from crowds.

I suggest you heed your own advice.

The market can remain irrational longer than you can remain solvent.

 

[formikatrading]

So interestingly, Paul Tudor Jones thought debt was going to kill the financial system back 1986. He still made money on the run-up and the crash.

People have been calling for "the end" for years. It will eventually happen but not likely anytime soon with the current market momentum -- and look at high yield bonds!

The whole system is a house of cards. Debt that cannot ever be repaid? It will fail eventually. "When all else fails "THEY" take you to war, Gerald Celente. We left "normal" a way's back in more ways than one and it will never return. With the current geopolitical situation everything could change at the drop of a hat.

 

[Buy1Sell2]

In about 30 mins I reckon we will see the formation of the SPX 4 hourly right shoulder of a H&S. Then a drop.

Do you have a chart to post for this? I realize it hadn't completed yet, but I would like to look at what you were seeing.

 

[Cessna06P]

Noted. The definition of a winning trade is going in the direction of the herd. I have a fascination with seeing when the herd changes their mind.

 

[Cessna06P]

My statement to avoid crowds was not about trading, it was about cities and what is to come.

 

[schizo]

People have been calling for "the end" for years. It will eventually happen but not likely anytime soon with the current market momentum -- and look at high yield bonds!

Even if the US defaults, it would not be "the end". They'll just print more money, or simply devalue USD (inflation = deleveraging).

Noted. The definition of a winning trade is going in the direction of the herd. I have a fascination with seeing when the herd changes their mind.

Just think of it this way. The big boys are setting up a bull trap by letting the market run up until enough of the dumb money is caught in their net. Then the market will ultimately tank and the process will repeat again. (Call me crazy, but I'm pretty sure Powell and Wall Street are colluding. )

 

[hipster ned]

We closed the week down. But just look at that long tail. Does that look bearish to you?

Weekly
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In a bull market, I’d agree, but patterns in whipsaw bear markets are flipped on their head…If you believe a 20 VIX in this environment is going to provide enough fuel to power this thing thru the sloping downtrend line, then you’ll be proven correct…I think they’ve probably flipped enough bears with this beginning of the year rally