ES Journal Archive (2006 - 2008)

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Everyone getting so bullish, I smell some serious downside extension.

During the bailout, most were so bullish, we tanked like hell.

During the weekend everyone expecting their rebounding theories, we tanked to hell.

Now, dare call another bottom in a bear market?

Here's a hint, no one can!

This thing is real, ugly and out of control, think a couple of dumb ass TA measurements gonna help, I seriously doubt it.
 
Quote from Incognito:

Everyone getting so bullish, I smell some serious downside extension.

During the bailout, most were so bullish, we tanked like hell.

During the weekend everyone expecting their rebounding theories, we tanked to hell.

Now, dare call another bottom in a bear market?

Here's a hint, no one can!

This thing is real, ugly and out of control, think a couple of dumb ass TA measurements gonna help, I seriously doubt it.
More...

cramer screaming sell sell to the sheeple..
 
heres the fear index weekly chart...


price action = sentiment

sentiment = price action...

if the market rallies 2000 points the sentiment follows..

there is a method to the engineered deflationary scare..

find the people that benefit from it.
 

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these major trendies break even during a bear cycle, its a major stop run.. by MM's or a false preemptive macro inflection..
study the previous collapse...it happens more then a few times.
 

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Quote from Incognito:



Here's a hint, no one can!

This thing is real, ugly and out of control, think a couple of dumb ass TA measurements gonna help, I seriously doubt it.
More...

So what would you say about rather obvious DT that marked the end to this bull market (monthly chart)? Can TA be that unsophisticated? No matter how ugly this is, ImPO buyers will come in, perhaps a DB? :)

I will agree with you that it is amateurish behaviour to start digging for support in the outset of selling (from which I used to suffer dramatically, bit better now), but it is a different matter once exhaustion arrives, I have, somehow, managed to catch good "fish" by just sitting & waiting out a sell wave, observed others, that are eager & early being crushed by bears, I could almost feel their pain, been there, done it.
 
Pekelo, what do people in the know say about oil at the moment?

Looks like my 'buddy' from Shell was spot on, access to actual intel is power so some would say :)
 
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