ES Journal Archive (2006 - 2008)

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1535.5 short. Target 1528-25. Buy the morning low. All going as planned from yesterday 1518-20 area up to 1533...too bad was not able to hold all the way.

Down past the opening bell. Then buy all you can.
 
Quote from kinggyppo:

I think equities will benefit from the rate cut. Commodities will likely keep going up. Sometimes inflation is bad for stocks sometimes good. I was just in Canada and they don't like the rate cut as they are more worried about their manufacturing base, tourism, etc. than housing. What do you think the net effect would be on the global market if the US housing market goes into a full on depression ala 1930? The rest of the world will suffer more. I still contend that the rate cut was/is about housing. I think that intermarket analysis is one of the hardest rigors of trading and would say spectre has a great handle on that. I personally have a long way to go, cheers. :)
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maybe i'm not hanging out with the same crowd you are, but i'm in canada now, and they're jumping around like "happy days are here again" because their looney is suddenly worth more. they can now cross the border and buy everything cheap....
 
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