ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
This monoline insurer news release thing is getting ridiculous. It's like they have 10 headlines all ready and have decided to just release one per day.
Hey JSSPMK, how do you see the 60 min chart now? We got a little drop off the triple divergence, but do we now have a quadruple divergence at the high today?
Hey JSSPMK, how do you see the 60 min chart now? We got a little drop off the triple divergence, but do we now have a quadruple divergence at the high today?
Signal still valid, indeed now a quadruple one on 60, 120 bearish, so is 180. I see 1360 easy, perhaps more. Especially so if you think there is correlation between USD/JPY & S&P500 as USD's been down 2nd day today, but I will still be looking for long opps on that pair & looking to short ES.
Sign of weakness. That automatically implies something not good will happen within a week.
Last time that happened was in 1st quarter of 2000 that Greeny and company tried to talk it out.
Commodities are the purest form of capitalism. Pure supply and demand. There is an ample supply of dollars, growing at double digit percentages per year, and a supply of commodities which are hardly rising. Then you have demand. No one wants to own dollars. They want to own or need to use/buy commodities. There is your demand. Recession doesn't mean anything when there is this supply demand imbalance. Its simple.
So you're saying they're a hedge against the erosion of the dollar and further loss of purchasing power due to the irresponsible decisions currently being made by the gummint?
Makes a lot of sense.
Supply demand dynamics are long term bullish for just about all commodities.
Low global grain supplies. Wheat export controls being put in place by Kasikistan, China, Argentina and Russia.Poor weather. Preasure on corn for ethenol use which in turn takes acres from other crops to grow more corn.China eating more meat which again puts upward on grain prices for feed.
Everybody is using more oil without more sources being found.
Developing world is becoming more prosperous putting more preasure on industrial metals.
Couple this with the falling dollar,which many commodities are priced in, and you have the added inflationary preasure to drive prices even further.
Excuse the sloppy nature of this answer and any spelling errors.
That is the short answer.
Low global grain supplies. Wheat export controls being put in place by Kasikistan, China, Argentina and Russia.Poor weather. Preasure on corn for ethenol use which in turn takes acres from other crops to grow more corn.China eating more meat which again puts upward on grain prices for feed.
Everybody is using more oil without more sources being found.
Developing world is becoming more prosperous putting more preasure on industrial metals.
Couple this with the falling dollar,which many commodities are priced in, and you have the added inflationary preasure to drive prices even further.
Excuse the sloppy nature of this answer and any spelling errors.
That is the short answer.
Quote from smilingsynic:
This is probably the reason why you've been around for so long. This is a more important "rule" than the rule of 10, imo.
let's just say the simple rule will keep you from over trading.
- Status