ES Journal Archive (2006 - 2008)

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Wave, jagmot congratulation, it was great call.
Like mentioned a bit early but thats traders karma. I am myself nearly always having ejaculatio praecox on my trades but some heat is connected with trading. :p
 
I was busy however I did beat my daily record of 42 points..I made 43. Some other things had me distracted to miss this move up.

CONGRATS to all those who did well today.
 
Quote from wave:

The best trades will always be the hardest ones to take.
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They are harder if one lacks faith in the market principles on which they are established. If one does have this understanding, the best trades will never be as good as they could be.
 
Quote from vertigo3:

07-16-08 07:00 AM

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


vertigo3
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If you would have asked me at noon if I thought the market would rally back into positive territory I would have said you were crazy.
 
Quote from saliva:

IB is literally fucking outta whack right now. I tried to cover my short from 1200 but couldn't so I had to buy the equivalent amount for YM. I just hope the two move in tandem.
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No new problems with buying and selling ES...just now my software won't exit. Had to force out exit by windows after waiting 5min.
 
Im going to go out on a limb here

Im completely serious now, no joking

today marks the beginning of a 6-9 month rally in all 3 major indices., we will be substantially higher 6 months from now
 
Quote from regal_2012:

Im going to go out on a limb here

Im completely serious now, no joking

today marks the beginning of a 6-9 month rally in all 3 major indices., we will be substantially higher 6 months from now
More...


I agree people should look to take longs now. My technicals are pretty sound and I have given some insight. For instance, I was bearish this month. HOWEVER...after today..there are good reasons now we should head higher. I don't think we are out of the woods yet, still need more data for that BUT this could be a bottom for a while. Take it for what its worth. But what do i know.
 
Quote from regal_2012:

Im going to go out on a limb here

Im completely serious now, no joking

today marks the beginning of a 6-9 month rally in all 3 major indices., we will be substantially higher 6 months from now
More...
I dunno. Your track record wasn't exactly eye popping to begin with. :D

Anyway, this "Hedge Fund America" scheme ran by Hank Paulson ain't going to solve anything IMHO. I wouldn't be surprised if we were trading below 1000 in 6 months time.
 
Quote from newguy05:

dont go against the fed/gov, it's crystal clear they are focused on the shorts now.

ms and gs are my indicator of the day, both going positive

bias to the upside going in, will stay out of shorting today unless it gap up 60-70pt or something crazy
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very good day. never bet against the fed when they are actively releasing policies against long or short. I learned this the hard way a long time ago.

hope noone got caught on that last rally, 60pt move in 1 hr just pure insanity.
 
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