ES Journal Archive (2006 - 2008)

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My opinion about this market.

Nobody is willing to hold positions for very long so manipulation is very easy. The market will go in whatever direction is most profitable for those with big pockets. Do not fall in love with your position on either side.
 
Quote from gwac:

My opinion about this market.

Nobody is willing to hold positions for very long so manipulation is very easy. The market will go in whatever direction is most profitable for those with big pockets. Do not fall in love with your position on either side.
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There is some very short term manipulation (I mean come on, look at the games going on in the book the last few days), but really, the "deep pockets" are the long only funds that are getting their faces ripped off.

This is fear, pure and simple.
 
Quote from Leonidas:

There is some very short term manipulation (I mean come on, look at the games going on in the book the last few days), but really, the "deep pockets" are the long only funds that are getting their faces ripped off.

This is fear, pure and simple.
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you don't think they are hedged ?

Check out further out put interest sometime.
 
gwac, is 58 high enough or do you think the t day crew wants 61 before the reversal ?


personally I see a h and S setting up on the daily from 58 area for shoulders.
 
Spectre2007,
could you offer some sort of rationalization about the potential for 2 limit down days?
JSSPMK had a dream about a limit down day.

Did you have a dream about 2 limit down days?

I'm not trying to be sarcastic, I am wondering what has caused you to fear 2 limit down days?
 
Last time the mkt broken down (2000 to 2001) all it took was mild fund redemption.

Specifically, tech fund redemption first, then as the mkt rollover, general fund redemption.

We have not seen that happen yet ...
 
Quote from vertigo3:

Spectre2007,
could you offer some sort of rationalization about the potential for 2 limit down days?
JSSPMK had a dream about a limit down day.

Did you have a dream about 2 limit down days?

I'm not trying to be sarcastic, I am wondering what has caused you to fear 2 limit down days?
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wave cycles on the daily...

150 = 1550-1400

250 = 1520-1270

350 = 1420-1070
 

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