ES Journal Archive (2006 - 2008)

[Lawrence Chan]

Quote from vertigo3:

CNBC reporting that Fed has established a commercial paper lending venue

Non-stop government intervention - 30 points since the news.

 

[Buy1Sell2]

Quote from Buy1Sell2:

Maintaining my short bias. I will need to see 1168 hit OR a longer term buy signal before I will start cautiously looking long.

Continuing with this approach. I am only looking at the short side of the market. I reload the short on fresh short signals and take profits below.

 

[smilingsynic]

Quote from vertigo3:

eat me

Vertigo,

Feel free to share your information where I post. Open minds are an asset over there.

 

[smilingsynic]

Quote from Buy1Sell2:

I reload the short on fresh short signals and take profits below.

Don't count your chickens before they're hatched.

I don't know of any good traders who do.

 

[Buy1Sell2]

Quote from smilingsynic:

Don't count your chickens before they're hatched.

I don't know of any good traders who do.

Of course not. My edge is prudent money management and I will stopped out for small losses only. This is in relation to my portfolio. I never risk more than 2 percent of TLNW and that is my edge. (It's the only true edge in trading--everything else is secondary--it's the only thing that is singularly useful)

 

[kinggyppo]

Quote from Buy1Sell2:

Of course not. My edge is prudent money management and I will stopped out for small losses only. This is in relation to my portfolio. I never risk more than 2 percent of TLNW and that is my edge. (It's the only true edge in trading--everything else is secondary--it's the only thing that is singularly useful)

Yeah its too bad for such a good trader you have so many blind spots. Its a turnoff, not everyone is a master of the universe.

 

[Lawrence Chan]

Quote from Lawrence Chan:

By end of this week, the volume of the overall market should tell us if fund liquadation has subsided.

Edit: Any good news should bring us back to 1080.

In process now ...

 

[ammo]

lc,fund liquidation has been given another band-aid,they still need to raise cash so they may just sell at higher prices,so they can put there money in different products,courtesy of ben and hank

 

[Lawrence Chan]

For mutual funds and many pension trusts, the liquidation this time is for real.

Most of those early boomer fund holders will not put the money withdrawn this time back into the stock market ever again. Nor would they put yearly IRA or whatever tax related saving into stock market again.

In short, we are 2 full years ahead of the expected boomer run on the stock market.

 

[Anna K.]

Quote from smilingsynic:

Vertigo,

Feel free to share your information where I post. Open minds are an asset over there.

where is that?