ES Journal Archive (2006 - 2008)

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it sounds like most folks are looking for a technical bounce.

back in late december, a few folks mentioned cashing out. i must admit, i also did so, expecting (and wanting) a nice, big, fat juicy drop.

well, okay i got it. now, powers that be, if you're listening, i'm ready for a rally, even if it's just a sucker one....:p
 
Quote from princessa:

agree with short bias b/c of divergence, resistance, and seasonal factors. however... i'm second guessing myself and wondering if i'm biased b/c it's what i WANT to happen. i want a big, fat, juicy drop.
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my response 12/26 to tommymoose's analysis of divergence and his drop expectation....
 
Quote from smilingsynic:

A few days ago I posted the calculations of another measured move that had 1310-1311 as a downside target.

In any case, there will be plenty of time if one wants to buy/cover all shorts. Bottoms usually require retest and confirmation. Patience in this business is indeed a virtue.
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amen
 
Quote from joeyata1:

as i warned all on this board 70 pts ago we had not seen capitulation. as a recalled a few people laughed at me
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duuude...:cool:

actually, i think most people agreed with you and argued your point to the only one who didn't (shall remain nameless).

as i recall, i made the point that we weren't near capitulation, that joe average was still fully invested. and, at the time, i was relishing a move lower...now i'm over it already.:)
 
Quote from Spectre2007:

Apex.. heres the GBP EUR.. chart..

as you can see the GBP gained strength with EUR weakness..

the EUR/GBP cross broke out... and now just coming back to earth..
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I am buying EURGBP as we speak for a longer term trade... will be looking to add more long a bit lower and add to the position when I see confirmation.

filled at .74210
 
Quote from joeyata1:

as i warned all on this board 70 pts ago we had not seen capitulation. as a recalled a few people laughed at me
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I know some people who are still laughing about someone calling a bear market back at 1270 a few years ago as well.
 
Quote from princessa:

it sounds like most folks are looking for a technical bounce.

back in late december, a few folks mentioned cashing out. i must admit, i also did so, expecting (and wanting) a nice, big, fat juicy drop.

well, okay i got it. now, powers that be, if you're listening, i'm ready for a rally, even if it's just a sucker one....:p
More...



i'll put the call in to jayz and see what he can do.





:D
 
Quote from princessa:

it sounds like most folks are looking for a technical bounce.
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On the day after strong market drops (and today would fit that definition), the market tends on average ("average" meaning both mean and median) to retrace a little over 50% of the prior day's decline.
 
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