ES Journal Archive (2006 - 2008)

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hsbc earnings in 15 minutes, I'm exiting before the number. Should reverse downward secondary to more subprime worries, with a loss in overnight appreciation as US open nears.
 
I'm holding long ES. Afraid i'll miss my re entry.
looking to add at US open. I think everyone and their mother is caught short and we'll squeeze all day. Which reminds me: I'll have to puke some long puts.
 
the psychology and participants are mostly wallstreet related. Wallstreet bankers are at the forefront of this psychological wrestling match with the bull.

a very powerful gang, can move currencies and most markets when they are backed by a governmental agenda to hit the markets for a fed easing cycle start of next year.

edit: take a look at the beneficial aspects of it:

1) Dollar Strength
2) Bond Strength/Treasurys
3) Lets the FED control mass psychology in elections
4) With dollar strength/commodities should correct (less inflation), gives the FED more room to move.
 
looks like price is coming into a soft landing above the 200 day ma, just now the market has perfect chance to continue the momo down. The predominant sellers have stayed put.
 
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