ES Journal Archive (2006 - 2008)

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you wont get a sell signal till we test the intraday high 1550..

I think we will see repeated attempts at 1535...creating a upside wedge. Its the most painful of them all chart patterns.

I bigboys pretty much know everyone is looking to buy any correction. So they will bid it up and force buyers to step up.
 
1) the global liquidity is hard to rein in.
2) major booms in BRIC nations
3) SP still undervalued relative to profit growth
4) presidential election cycle
5) war era
6) oil companies making record profits
7) wall street making record profits
8) coming out of the 2000 debacle


some reasons, so they wont kill the goose, in new york while its still has even a remote chance of laying a golden egg.

cons:

1) BRIC nation bubbles
2) oil at high end of price


just driving around you can see the upswing in sentiment from post 2000, its been 7 years, and some are looking at the 2010-12 period as a major inflection point.

so this time period is similar to the 1995-96 period in the previous bull.
 
Quote from Spectre2007:


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just driving around you can see the upswing in sentiment from post 2000, its been 7 years, and some are looking at the 2010-12 period as a major inflection point.
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More...

I saw a show on the History channel recently... some believe 2012 will be the end of the world!! :eek: Coincidence? Only the Illuminaries know for sure.
 
os,

any pics of them breaking to the upside?

everyone is looking at the chart and is instinctually shorting it. My inclination is to short it, but putting the chart in reference to everything else, I see the chart pattern itself fueling the runup since most are looking at this chart.
 
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