I sense it in my gut mostly, these macro cycles are engineered by world banks and instis on the street, at each part of the cycle in conjunction with the media, market participants are led to the slaughterhouse, with FED on board again, it means one should prepare for the upswing. Right now skiing my answer will be longer later.
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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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I sense it in my gut mostly, these macro cycles are engineered by world banks and instis on the street, at each part of the cycle in conjunction with the media, market participants are led to the slaughterhouse, with FED on board again, it means one should prepare for the upswing. Right now skiing my answer will be longer later.
on monday morn ,mlk day,moneycontrol.com ,an indian cnn type site,said that many brokerage houses in india and asia couldn't cover thier margins and were liquidated. Funny thing was there was no mention of this on the cue cards they were reading on msnbc tues morn,they said these foriegn markets caved in response to gwb's bailout of $800 per household plan.A lot of mrkts were just way overgrown and needed haircuts.
Quote from JSHINV:
Interesting. Is your main point that a long term short position to pay off may be really long or at the least indeterminable? Not challenging you in any way. Just asking.
Not really challenging B1 on the length of trade. I just like to follow what people are looking at and how they trade. B1's longest time frame is the monthly. Now he has a large divergence on the monthly and weekly. My read of what his system is says this would be the major turning point for the next couple years. I'm wondering if this was his belief and how long he is looking for this trade to last.
JIM
spectre
43 world markets have slipped into bear market territory.............pretty much every market but the US.........which is economically weakest.........we are not even in a bear market yet......1260 inaugurates the bear market......that level would be my first buy in for the long term account........then 1200 is the next level........if we even get there.
43 world markets have slipped into bear market territory.............pretty much every market but the US.........which is economically weakest.........we are not even in a bear market yet......1260 inaugurates the bear market......that level would be my first buy in for the long term account........then 1200 is the next level........if we even get there.
http://www.elitetrader.com/vb/showthread.php?threadid=115798
thats what I mean when I say many trading careers ended.
I sure hope we rally strongly this week and confirm this bull.I think it will be a historic week.
blackguard
thats what I mean when I say many trading careers ended.
I sure hope we rally strongly this week and confirm this bull.I think it will be a historic week.
blackguard
Got a flash for you hotshot, this happens every day going both ways, but usually long. You don't have a clue do you?Quote from storm121:
http://www.elitetrader.com/vb/showthread.php?threadid=115798
thats what I mean when I say many trading careers ended.
I sure hope we rally strongly this week and confirm this bull.I think it will be a historic week.
blackguard
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