ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

notice how bears predominate in psychology in the marketplace,..

there is enough short interest to fuel a break of 1600.
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I get the feeling your right. So much pessimism, maybe to much for a crash. Nobody I knew was all that euphoric about the bull market and now everybody I know thinks the stock market has no where to go but down. Probably means I should be heavy stocks and look for a crash at the end of the decade.
 
Quote from kinggyppo:

What I thought was interesting was that the highest daily close was only $31.00. The high was like $37.00 intraday, quite a swing.
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during a major bottom a day has the range of a month. Rarely does the bottom close at the low so the vix doesn't close at the high.
 
Quote from Prevail:

during a major bottom a day has the range of a month. Rarely does the bottom close at the low so the vix doesn't close at the high.
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Right, so the best time to sell vol. is intraday, preferably when the world is ending like the last holiday, it should close higher by end of day. I believe on MLK day it opened 37 and sold off from there. I wonder if any smart traders sold into it.
 
Quote from StockyIrishman:

I think mkt is trying to bake in fed move b4 hand, so any upside when the news comes out on Wed. can be sold into for longterm bear trend.
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Agree.

What I see is a 5:W bear flag into formidable resistance around SP 1400, touching the H&S neckline in classic pullback style, accompanied by a 50%retracement from the Dec high.

Technically we must get there before negative fundamental news in the bond industry surfaces, which could happen at any minute or Friday's ISM number....with the help of tomorrow's announcement....

Let's see if it happens....if the market breaks 1400 all bets are off...

I doubt very much we will break 1400 though...

If we do, we'll go Sprectre's route imo...
 
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