ES Journal Archive (2006 - 2008)

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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. :)
 
Quote from apex82:

ya.. not making any trades off it just bored watching my pnl...

We have been holding above the 30min high all day which you have to give some credit for the afternoon session. I am a hardcore bear but gettin nervous especially because we couldnt take out 1520.... that is major. If they hold this I expect new all time highs in the spx.
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DAX's 5 min chart looks toped to me Apex, have a look.
 
Quote from JSSPMK:

DAX's 5 min chart looks toped to me Apex, have a look.
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looks like a buy to me..... I wouldnt be selling that top until you get some confirmation.
 
Quote from apex82:

looks like a buy to me..... I wouldnt be selling that top until you get some confirmation.
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I am tracking histogram and it looks pretty good, declining, plus R1 so far held almost 4 times, now 1 minute is looking weaker. Anyway, short, and thanks for having a look.
 
Quote from JSSPMK:

I am tracking histogram and it looks pretty good, declining, plus R1 so far held almost 4 times, now 1 minute is looking weaker. Anyway, short, and thanks for having a look.
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yep you have your confirmation now..... :)
 
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