ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

if you compare the long term buy/sell signals from both charts, you will see that the moves in equities are preemptive for USD/JPY outlook, the usd/jpy laggs equities but once the signals are in, the trend in USD/JPY continues for a few years, similar to equities.

It implies much lower USD/JPY rates for the future.

edit: the levels equate its like selling, spooz above 1380-90 band on the MA's, the current MA band in usdjpy is 107.50-106.50...

so 108.20's = 1440 on spooz
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6/17/08

:)
 
L1204.25, stop~4, h/s-10, 50% size (time now 7.07EST according to my watch :))

TY Vertigo, very interesting, could you explain how you calculated yesterday's reading, as I am a bit slow.

Scaled out 1/2 +2
 
making predictions is difficult...especially about the future.

In a former life, I produced historical statistical reports out the wazoo. I no longer have these reports. But one thing I do remember is that since 1978, anytime the number of new lows divided by the issues traded was over 30%, the next day (today) has had a positive close, everytime. Yesterday's decline created a reading above 30%.

will it happen again this time? I don't know and neither do you.

I will be looking to get long.

Why only since 1978? 1978 was the first year that the NYSE started calculating New 52 week Lows on a rolling 52 week lookback basis.

"Markets are never wrong; opinions are." -J. L. Livermore
 
Quote from vertigo3:

making predictions is difficult...especially about the future.

In a former life, I produced historical statistical reports out the wazoo. I no longer have these reports. But one thing I do remember is that since 1978, anytime the number of new lows divided by the issues traded was over 30%, the next day (today) has had a positive close, everytime. Yesterday's decline created a reading above 30%.

will it happen again this time? I don't know and neither do you.

I will be looking to get long.

Why only since 1978? 1978 was the first year that the NYSE started calculating New 52 week Lows on a rolling 52 week lookback basis.

"Markets are never wrong; opinions are." -J. L. Livermore
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referenced study was based on SPX close (cash index)
 
Pekelo, words of Ron Paul make a lot of sense to me, I can relate to higher oil prices in light of weakening USD, not oil deficit.

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