ES Journal Archive (2006 - 2008)

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spec, your mention of a trend needing continued reasoning to continue, if the reason we rallied was because of rate cuts , which apparrently will not continue,then this rally should be over,there is a gap at 1398 that needs attending to
 
Quote from ammo:

spec, your mention of a trend needing continued reasoning to continue, if the reason we rallied was because of rate cuts , which apparrently will not continue,then this rally should be over,there is a gap at 1398 that needs attending to
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the thing you have to watch out for, are reinforcement in the negativity, the rate cuts on the whole don't matter, there will be a period when the FED stays pat, and market will interpret it as negative, this is the final wash, and then the market rallies since its forward looking, it will conclude, earnings and profit growth will upsurge...

:)

waiting for the final wash, when the FED is done. But this could be at much higher prices, since the amount of negativity has been of a higher order past few months and has noticeably abated. The market will move up despite what the MA's are indicating, if you notice the slope of the MA's they are horizontal now,...

meaning sideways for now...

draw a line in the sand, stay long above a key number and short below a key number, pick a number that is a outlier, IE B1S2 stoploss...
 
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