ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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I figure it'll retrace back down to 70 only to rocket back up to 75 or higher. To aim for the 80 is an overkill IMO but I see the HOD somewhere near 77. Watcha think?
BTW, now that the S&P have finally caught up with the Dow and the Naz by retesting its yearly high, I would think it's high time that we reverse course, no? Just maybe? Not even a remote chance? Damn you bunch of bulls!
BTW, now that the S&P have finally caught up with the Dow and the Naz by retesting its yearly high, I would think it's high time that we reverse course, no? Just maybe? Not even a remote chance? Damn you bunch of bulls!
When the September payrolls came out I saved this comment on an article. Some are able to think two steps ahead and today is proof.
Have a good weekend all.
The financial press appear to have agreed, none of us will point out the convenience of a massive fall in employment figures, notably volatile, and often revised, just when the Fed needs to mind it's Creds. Helicopter Ben will flood the world with dollars, because the jobs numbers prove his actions are appropriate to his mission, as the same acts would not be, if done to shore up the financial sector, as poorly bundled debt paper threatens the world's markets. We can feel the pain, of the nameless bureaucrats who may have been ordered to fiddle the jobs numbers to protect the Fed's credibility, but we do not speak out, as we need the Bernake "put" to function, as did Mr. Greenspan's. Apparently, the smartest guys in the room make a lot of errors, and allowing 20,000 "twenty somethings" to restructure the world's financial underpinnings, for a few hundreths of a cent on the dollar profits is as dumb as allowing Japan and China to continue currency warfare.
Franklin D. Lomax, Alexandria, Virginia, USA
Have a good weekend all.
The financial press appear to have agreed, none of us will point out the convenience of a massive fall in employment figures, notably volatile, and often revised, just when the Fed needs to mind it's Creds. Helicopter Ben will flood the world with dollars, because the jobs numbers prove his actions are appropriate to his mission, as the same acts would not be, if done to shore up the financial sector, as poorly bundled debt paper threatens the world's markets. We can feel the pain, of the nameless bureaucrats who may have been ordered to fiddle the jobs numbers to protect the Fed's credibility, but we do not speak out, as we need the Bernake "put" to function, as did Mr. Greenspan's. Apparently, the smartest guys in the room make a lot of errors, and allowing 20,000 "twenty somethings" to restructure the world's financial underpinnings, for a few hundreths of a cent on the dollar profits is as dumb as allowing Japan and China to continue currency warfare.
Franklin D. Lomax, Alexandria, Virginia, USA
From a short perspective, you've got MACD and RSI divergence on the smaller timeframe charts and the equal length move was completed at ~1573.50. If there was a short opportunity somewhere in these new highs it was this one IMO.
july high
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