ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from volente_00:

09-19-08 01:54 PM








Is this the start of the run to 1500 you spoke of less than a month ago ?


http://finance.yahoo.com/q/hp?s=^GSPC&a=08&b=19&c=2008&d=09&e=14&f=2008&g=d
More...


If I knew I would bet the whole account. If you don't bet, you can't win. (quote from Larry Hite) So we bet a little to make a lot. The big one will wash away the tears of the little ones. (Seykota)

Now do we run straight to 1500 from that bottom and then crash or crash again soon and touch 800-750?

Damn if I knew that, I would feed the poor with my own money.
 
Quote from wave:

What happens to a capitalist system that is artificially propped up to create a false economy?
More...

You can only fool the market for so long by pumping this liquidity. Theres only one way to fix a borrow and spend problem... and when 70%GDP is national consumption.... I fear another depression as well.

There was a small time period back around 1150-1200 where they could have staved this off and kept the ponzi scheme going, but thats out of the question now. I will be shorting the overhead zones... we have lower to go

Some potential zones -

SPX - 1070-1080

DJIA - 10350-10450

NDX - 1585-1625
 
Quote from Pholeuon:


Oh, and 20 day SMA on daily that we should touch before down swing is somewhere above 1100 but it is trending down.
More...

I use SMA 9 and it is around 1040 for the SPX. I underestimated a bit yesterday...We might overshot it, but if we close below it, I expect a nice red day tomorrow...

Here is the end of Jan beginning of Feb action, you can see the SMA bounces:

vqk75d.png


Will it happen again? I don't know but that's what I expect...As you can see on the 3rd day of the sequence we overshot the SMA, but still ended up way below it. Now it might play out in 2 days instead of one...
 
Quote from HooLee:

Given this chart here, what is your strategy?

SPY_365.gif


(At least you might want to rethink your current trading plan.)
More...




FADE THE EXTREMES WITH A TIGHT STOP AND STRONG DISCIPLINE
 
Quote from supernaut:

guys, I am so glad we are out of that Gutter.

feels good to be in a Bull Market once again.

and look!T-Day boys have the futs up 21 as I type.....despite yesterday's huge gains.
More...

They gave you a gift. Did you act on it?
 
Quote from Buy1Sell2:

Only looking to short rallies with the appropriate stop etc.
More...

What do you use to decide when to enter?

By the way, have I already mentioned we have 2 upgaps in a row?
 
Status
Not open for further replies.
Back
Top