ES Journal Archive (2006 - 2008)

[smilingsynic]

Quote from JSSPMK:

Nice SS, very nice! Because it is natural to prove to others why we are right, we are to assume that the ones that say those things try to prove that they are right in believing that markets are random & unpredictable which means that they have tried & failed & stopped.

If the markets were random and unpredictable, all the winners would be lucky, and the losers would be merely unlucky.

As an academic, I shake my head at those fellow academics who believe in the random market hypothesis. I know 10 business professors personally, and none of them trade, not even the finance ones.

 

[vertigo3]

smilingsynic,
you are a college professor (I believe I've picked up from comments), do you mind telling us what you teach?

 

[wave]

1212-1208 is long area again.

 

[smilingsynic]

1212.50 = 50% retracement.

EDIT: If this fails, retest likely, which would be a good place for a low-risk intraday long.

 

[Spectre2007]

http://www.elitetrader.com/vb/showthread.php?s=&postid=1995110#post1995110

1191

1180 = 50% fib on the weekly

 

[smilingsynic]

Quote from vertigo3:

smilingsynic,
you are a college professor (I believe I've picked up from comments), do you mind telling us what you teach?

History (full professor, with tenure). I teach during dead zone, after hours, and online, so there is plenty of time to trade.

 

[gwac]

1238 is pp cannot be ruled out today.

 

[JSSPMK]

Quote from gwac:

1238 is pp cannot be ruled out today.

I don't know whether you noticed a whopping great wedge on the daily chart of INDU, we could gain quite a bit of lost ground with a BO move, considering that we didn't have a real retracement for how long? Also on the monthly chart there is a fair distance towards that bearish upper TL.

 

[tomahawk]

Quote from Spectre2007:

1191-2

by the close...........

Quote from gwac:

1238 is pp cannot be ruled out today.

ET celebrity death match ...

 

[gwac]

Oil is down

$ has gained back it losses

vix got above 30

financials are recovering midday


NICE day to squeeze the shorts.

Quote from tomahawk:

ET celebrity death match ...