ES Journal Archive (2006 - 2008)

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Quote from murray t turtle:

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Buy1sell2;
Does look like the rally may have some more nice up moves;
maybe to 1313, [double fibo number ] at least maybe this this week.

Likely could be downtrend from there.

:cool:
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So what do you think Murray--Buy a breakout above 1286? (Friday High)
 
Here is a chart from 4 years back showing the relationship between the VIX and the equity markets. The higher the vix, clearly the lower the market averages July-Aug-Nov 2002, and as it flipped the bulls gained control; after the Afghanistan, Iraq and now Israel conflicts its even more clear that certainity of war is straight bullish. A bearish divergence in the vix is clearly a bullish divergence for equities. Anyways I am bored and had nothing better to do. Time will tell where this market wants to go, but if I see a bullish divergence in the Vix forming Im shorting all the rallies as a longer term positional trade. Also notice how 2 weeks ago when the Israel conflict was not considered a war the market sold off, now that it is almost certain it is a war, the market had its biggest rally since the Iraq war.
 

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Quote from sosa1974:

Here is a chart from 4 years back showing the relationship between the VIX and the equity markets. The higher the vix, clearly the lower the market averages July-Aug-Nov 2002, and as it flipped the bulls gained control; after the Afghanistan, Iraq and now Israel conflicts its even more clear that certainity of war is straight bullish. A bearish divergence in the vix is clearly a bullish divergence for equities. Anyways I am bored and had nothing better to do. Time will tell where this market wants to go, but if I see a bullish divergence in the Vix forming Im shorting all the rallies as a longer term positional trade. Also notice how 2 weeks ago when the Israel conflict was not considered a war the market sold off, now that it is almost certain it is a war, the market had its biggest rally since the Iraq war.
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Will you be taking profits occasionally on these positional trades or trading around your positional shorts?
 
Quote from sosa1974:

Here is a chart from 4 years back showing the relationship between the VIX and the equity markets. The higher the vix, clearly the lower the market averages July-Aug-Nov 2002, and as it flipped the bulls gained control; after the Afghanistan, Iraq and now Israel conflicts its even more clear that certainity of war is straight bullish. A bearish divergence in the vix is clearly a bullish divergence for equities. Anyways I am bored and had nothing better to do. Time will tell where this market wants to go, but if I see a bullish divergence in the Vix forming Im shorting all the rallies as a longer term positional trade. Also notice how 2 weeks ago when the Israel conflict was not considered a war the market sold off, now that it is almost certain it is a war, the market had its biggest rally since the Iraq war.
More...

Will you be taking profits occasionally on these positional trades or trading around your positional shorts?
 
Quote from Buy1Sell2:

Will you be taking profits occasionally on these positional trades or trading around your positional shorts?
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Both, Im still trying to figure out where and how to take profits. But if this is chess, my positional (1280) is the king piece. Short term intraday trades are the others protecting the king. Anyway if we break 1270 I'll cover one more and let the last one ride. I would like to see this thing get to about 1320 so I can add to this short because I wont average down on the short side.
 
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