ES Journal Archive (2006 - 2008)

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<i>"I think a lot of permabears got taken out today.Many trading careers ended.

marketsurfer was decimated again.he's 2 for 2.

these newsletter writers need to keep on writing, keep bringin' these sheep to slaughter.

blackguard"</i>

And now, an even greater number of ignorant bulls are being butchered in the premarket as they watch helplessly from their feed lot.

Buying into yesterday's fed b.s. AND holding it over the close was idiotic suicide. Day trading, yes. Swing trade longs? Insane.

-20pts ES off Wed close already, wouldn't be surprised if it ends today -50pts or more in the hole.

Eight consecutive sessions of W or V-shaped price action since two Fridays ago... and all of them ended with an afternoon rally. Patterns like that do not last forever, we have a straight trend day overdue to arrive.

Was short overnight from 54.25, covered at 46.25 a bit too soon, it appears. Isn't that always how it goes?
 
Quote from austinp:

<i>"I think a lot of permabears got taken out today.Many trading careers ended.

marketsurfer was decimated again.he's 2 for 2.

these newsletter writers need to keep on writing, keep bringin' these sheep to slaughter.

blackguard"</i>

And now, an even greater number of ignorant bulls are being butchered in the premarket as they watch helplessly from their feed lot.

Buying into yesterday's fed b.s. AND holding it over the close was idiotic suicide. Day trading, yes. Swing trade longs? Insane.

-20pts ES off Wed close already, wouldn't be surprised if it ends today -50pts or more in the hole.

Eight consecutive sessions of W or V-shaped price action since two Fridays ago... and all of them ended with an afternoon rally. Patterns like that do not last forever, we have a straight trend day overdue to arrive.

Was short overnight from 54.25, covered at 46.25 a bit too soon, it appears. Isn't that always how it goes?
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Well, I wasn't holding from yesterday, guess that excludes me from being branded an idiot or is anybody long now an idiot in your book?

BTW nice trade!
 
Quote from austinp:

<i>"I think a lot of permabears got taken out today.Many trading careers ended.

marketsurfer was decimated again.he's 2 for 2.

these newsletter writers need to keep on writing, keep bringin' these sheep to slaughter.

blackguard"</i>

And now, an even greater number of ignorant bulls are being butchered in the premarket as they watch helplessly from their feed lot.

Buying into yesterday's fed b.s. AND holding it over the close was idiotic suicide. Day trading, yes. Swing trade longs? Insane.

-20pts ES off Wed close already, wouldn't be surprised if it ends today -50pts or more in the hole.

Eight consecutive sessions of W or V-shaped price action since two Fridays ago... and all of them ended with an afternoon rally. Patterns like that do not last forever, we have a straight trend day overdue to arrive.

Was short overnight from 54.25, covered at 46.25 a bit too soon, it appears. Isn't that always how it goes?
More...

better too soon than too late......eh, AP

covered rest at 35.50 & will be looking to roll this pig again.

funny how black guard only refers to shorts being killed & put out of business although the move down after the anouncment was > or greater than the upside move from price at announcment.

this tells me that his he`d been smoked like a cheap cigar many a time being short with NO stop..............that`s what happens to amateurs whom refuse to stop out......if you are a responsible trader like apex,he was stopped accordingly & acceptingly.

another note is you are the absolute last guy that should be knocking a brutal trader in market surfer.....he may be 2 for 2 but you hold the UFC title or Ultimate Fade Championship belt for your dismal 8 for 8 bull calls only to flat out sell hard after each time you stepped out.
the two of you are in the same league & on the same level & remember.....only amateurs don`t use stops.
 
Quote from vertigo3:

H&S
new down channel?
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thanks for chart V, we'll see what happens. Counting on seeing a divergence on 5 minute chart re-testing 1533 zone and bouncing into RTH.
 
if you want to engineer a breakdown in Oil, the Treasury proxies can call a top and then buy into the sell orders, and continue to buy taking the daily parabolic to the point of technical destruction.

and then the market rollsover onto itself, creating a period of downward bias. During a period of downward bias, other markets such as equities can rally off the lows. This is the only market solution I see.
 
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