how about this on your server...
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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how about this on your server...
if your able to sense the general climate in the marketplace, its pretty dismal, I wouldn't be getting long ES till 1375 or so, the smoke n mirrors being used to give the market a false sense of security is well rehearsed.
you have dollar that is basically falling apart, and noone in the administration will step up to rectify it. TIC data will show massive exits of foreign investment capital.
you have bonds that are at close to multidecade lows in interest rates, in part being fueled by our own money funneled into petro dollar accounts.
you have oil at historic highs, and gold in RSI confirmation of more moves upward.
you have equities when adjusted for dollar are already in a bear market. The FED will have to cut and keep cutting. The US consumer is loosing wealth at almost every point in their financial structure.
1) energy
2) housing
3) credit payments
4) food
5) currency devaluation
I sense a 1920's style deflationary period.
you have dollar that is basically falling apart, and noone in the administration will step up to rectify it. TIC data will show massive exits of foreign investment capital.
you have bonds that are at close to multidecade lows in interest rates, in part being fueled by our own money funneled into petro dollar accounts.
you have oil at historic highs, and gold in RSI confirmation of more moves upward.
you have equities when adjusted for dollar are already in a bear market. The FED will have to cut and keep cutting. The US consumer is loosing wealth at almost every point in their financial structure.
1) energy
2) housing
3) credit payments
4) food
5) currency devaluation
I sense a 1920's style deflationary period.
Or do we retrace 50% of the move and bounce from there ?
beautiful sell right there man......had i been here ,i`d have been on that like white on rice with you.as that`s exactly my first significant confluence zone.that`s why i usually leave resting orders in place.....8 times out of 10,i`m hit within a few tics.
stopped out on my last piece from1525.75 (where i had left resting sell limits up to 27.75)...........& add on @ 1513.75.
covered 1/2 @ 1490.50
..............1/4 @ 85.25
...............1/4 @ 70.25
not a bad weeks work as the 20`s were prime real estate for sellers & felt that we had to see that zone in order to sell hard.
still bearish & am still looking for 32 atleast as i feel it`s a matter of time before we roll over as i see some nice sell zones above....including the one i missed & Apex took @ 84.50.
Yes, I am. I am checking in here after the close, looks like a wild ride today. Im any event, I don't see any obvious sign of upside here at least not on the activity level(time frame) that I wish to participate in. Obviously the 60 minute chart has a bullish tilt, but that is not the frame I am on. As I mentioned, it was not a daytrade. Staying short for now. --Full position--
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