ES Journal Archive (2006 - 2008)

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In addition, here is my take from page 6765 of this journal in July of this year:

07-15-08 09:14 AM
I don't make predictions. I only trade with the trend and place trailing stops. However, it would not at all surprise me to see 800 in the next year or two.
 
I dont know about you guys but I'm not a buyer here. I'm only looking at the short side here. Any rally should be met with amazing selling pressure. The dow could be down as much as 800+ points by the close.

Surprise rate cut days are typically like this: Market rallies then falls and continues downward. No surprise rate cut has ever turned the market nor determined a bottom in a bear market.
 
Quote from pulsescan:

I dont know about you guys but I'm not a buyer here. I'm only looking at the short side here. Any rally should be met with amazing selling pressure. The dow could be down as much as 800+ points by the close.

Surprise rate cut days are typically like this: Market rallies then falls and continues downward. No surprise rate cut has ever turned the market nor determined a bottom in a bear market.
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Really? So what has turned .com fiasco around? OK, it was a continious reduction in rates, not one off surprise, but you must agree that this is unprecedented event a concolidated rate cut. Therefore it has no history behind it.
 
Quote from pulsescan:

I dont know about you guys but I'm not a buyer here. I'm only looking at the short side here. Any rally should be met with amazing selling pressure. The dow could be down as much as 800+ points by the close.

Surprise rate cut days are typically like this: Market rallies then falls and continues downward. No surprise rate cut has ever turned the market nor determined a bottom in a bear market.
More...

Well, let's see. Fed fund rate at 1.5%

How many more cuts can they do in the coming months if they see the stock markets tank another 10 to 15% ...
 
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