ES Journal Archive (2006 - 2008)

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Friday was not positive. The only positivel is that we did not crashed and it looks to me that there was some investment buying.
But we remained on the same descending trending line where we are during previous 2 weeks in rangebar chart and closed BELLOW it. I can show picture if you wish.
In this chart it looks like another failed break through median line of downtrend channel.
Any positive looking breakouts must happen in future UNTIL NOW WE DID NOT SEE ANY.

There are some immense powers keeping us in this channel and any attempt crawl out is failed. I do not know what are these powers but until they will keep pushing down the world ending continues.

If you want try some bottom picking do not try it above this line by breakout attempts. Until now all failed big.
I am sure that the rip up will start bellow it /we are there so it can immediately/ but we will retest it on pullback.
 
Quote from romik:



03-20-08 07:10 AM

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Quote from Spectre2007:

I'm expecting back to back limit down days in the sp futures. My gut feel...

http://www.cme.com/trading/files/Eq...eLimitGuide.pdf

Chris
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Quote from Romik:


I sincerely hope you're right bro

Trading is simple, we make it complicated. Stop & look at this chart, what do you see? Just stand back & look at it. No need to daytrade, as Ishmael has said in the past - position sizing is very important!!!!! Stay with monthly chart with appropriate position sizing & proper stop management & you will be a winner, you just can't lose.

If your position due to risk factors is not sexy, then find other markets to trade & trade them as well, simple!

B1S2 is THE MAN!!!!

I have no positions at the moment

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03-20-08 07:30 AM

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Quote from Spectre2007:



trendfollowers will kill this market.


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Quote from Romik:


Forget markets, trendfollowers will kill this planet

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03-20-08 08:28 AM

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Quote from Spooz Top:

in agreement.........we are heavy & this vol indicates a massive move, with so many newer market participants never experiencing a locked limit market.......late `90`s spx/es were a 32 points south were a locked limit....now looking at 70 point decline.....a move of historical proportions are very realistic at this point & feels imminent.
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Quote from Romik:

According to the moving average on my chart the shit will really start hitting the fan when we get a month's closure pushing moving average into the red territory.

IF YOU HAVE DA MONEY & DA BRAINS OF A HIP-HOP ASTIST:

If you're interested in what setting my moving average is set to I can let you know for a fee, say $60,000, interested parties please PM. I will of course split it 3 ways, 20k to me, 20k to Ishmael & 20k to a "help out a broke broker ' charity

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03-26-08 01:26 PM

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Quote from Spooz Top:

interesting story in north jersey here how residents are tired of banks not providing cash in their ATM`s for customers......over a month now & banks still blaming it on a computer glitch......hmmm
not only do they not want to give out their infusions that they are supposed to be circulating,they want to keep your change in the atm`s as well.

funny how fed funds rate is sitting at 2.25 with banks borrowing cheap if not flat out given infusions like IB`s to prevent a collapse are hording everything they can.........if you have impeccable fico score,you`re still looking at 5.75 % at best......hell of a spread.
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Quote from Romik:

Smells of Russian crises back in the 90s, if what you say is true & consistent then all I can is OMFG as this is USA

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04-03-08 06:34 AM

1408 SPX is where bears will start another leg down

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04-07-08 07:34 PM

no positions, more interesting times ahead

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04-25-08 01:08 PM

I have a swing short open at 1387.75 average price with a flexible stop

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It's not exact science, target is big enough to allow for a stop over current resistance levels
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End result over 500 points gain, carefully anticipated 1st trade in 2008, took heat of about 70 points, acceptable risk due to appropriate position sizing, outstanding result if I may say so.
 

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The main thing to remember here is that we continue in a neat and orderly downtrend. One of the best that I have seen and I am delighted. A position trader would not want to willy nilly get short here, but rather wait for a decent bounce. Selling rallies is all I am doing for the moment.:)
 
Quote from Buy1Sell2:

The main thing to remember here is that we continue in a neat and orderly downtrend. One of the best that I have seen and I am delighted. A position trader would not want to willy nilly get short here, but rather wait for a decent bounce. Selling rallies is all I am doing for the moment.:)
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If you are not short, why are you delighted?

:confused:
 
Quote from romik:

End result over 500 points gain, carefully anticipated 1st trade in 2008, took heat of about 70 points, acceptable risk due to appropriate position sizing, outstanding result if I may say so.
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Hi Romik Abramovich :D

Glad to hear you're doing well, I had a look at the monthly chart, its easy to forget its importance.
 
the 200 day is a good place to wait for a swing ...to place positions on..

look at the previous decline how many times it touches it and then sells off. So anyone who is short, should cover and wait for another attempt.

and remember the supply used to break the market needs to be recycled, and made available for further control in the future.
 

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ES at 930 is more than 90 points above Friday's low

Could be 125 points and more by start of regular session Monday 13th - Black Monday for who, bears or bulls?
 
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