ES Journal Archive (2006 - 2008)

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i'm only up to p. 3373, but so far, summary of the great minds' thinking:

mbusch/apex: bear, market will go much lower

islands/b1s2: bull, market will go much higher

mbusch and apex qualify theirs, saying "if this, then that", so not pure bear, but essential bear. i agree with changing your mind if conditions change. gotta be nimble.

i'll stick my dos centavos in and say we're at an inflection point, could go either way. i'm on sidelines for now. wait for a side to clearly declare itself. however, i'm at a bearish bias starting next monday oct 1. for now, i'd say flat to up (this week). still on sidelines for futures, but selling some stock as we get to resistance zones, prepping for potential drop next week.
 
...why not hold on until you get a positive signal ?
..... you might have ended up being one of the ones with a really good entry for a long down move....
... you never know
.... for example... possible rule of 20
Quote from satchel:

Out everything from 40.50. However I think we will close at or below these levels (1533).

A long setup would be great here for a quickie
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Quote from princessa:

mbusch/apex: bear, market will go much lower

islands/b1s2: bull, market will go much higher
More...
You realize, of course, that we all could be right (in the long run). :)
 
Quote from elovemer:

...why not hold on until you get a positive signal ?
..... you might have ended up being one of the ones with a really good entry for a long down move....
... you never know
More...

Tone of today a bit strange, seems more like playing the range today. Rule of 10, no news really.

Would rather wait for secondary short and bank the $ now.

Hard to explain.
 
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