ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

My long term feel is that the SP has a very good chance of falling to the vicinity of 200 within the next 3 years. :)
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That would be pretty in line with the 90% market decline during the great depression. I have a similar long-term outlook as you B1S2.

Regarding where the money goes, I don't think the asian indices will fall as badly, and when they do eventually recover, they'll have the most epic bull-run anyone has ever seen. I also expect money to move to commodities.

Any thoughts B1S2?
 
Quote from tommymoose:

That would be pretty in line with the 90% market decline during the great depression. I have a similar long-term outlook as you B1S2.

Regarding where the money goes, I don't think the asian indices will fall as badly, and when they do eventually recover, they'll have the most epic bull-run anyone has ever seen. I also expect money to move to commodities.

Any thoughts B1S2?
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My longer term view is that globally, equities and commodities will be out of favor for quite some time and money will be kept in cash or cash equivalents.
 
Quote from Pekelo:

Today is what I call sideways to the upside.
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In the first 90 minutes we never got farer away from the SMA (5 mins) more than 6 points, and we returned to it already 4 times...
 
Quote from Buy1Sell2:

My longer term view is that globally, equities and commodities will be out of favor for quite some time and money will be kept in cash or cash equivalents.
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My feelings that we're in for a much deeper decline come largely from the charts, but fundamentally its very plausible too. What we have and will continue to have is credit tightening that will bring down the US and Europe. Asia doesn't have these same problems though. So while they'll get hit with the collateral damage of us not being able to consume as much of their goods, eventually I see them overcoming it and having real organic growth (a little help from credit expansion over there would add some fuel to the fire too).

But yes, timeframe of another 2-3 years for everything sounds right to me... with Asia possibly bottoming a little before the rest of us.
 
7 up and 7 down from the open, now meandering. I thought the day before the 2004 elections was more racey... Any news we should be awaiting? I don't see any here...
 
Quote from GermanTrader:

7 up and 7 down from the open, now meandering. I thought the day before the 2004 elections was more racey... Any news we should be awaiting? I don't see any here...
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nope. it all came out at 10:00am EST this morning. this mkt is bipoloar. nobody knows what will move this market or nothing at all. if someone sneezes the mkt rises or falls. there is no rhyme or reason for mkt fluctuations anymore. strange times for sure.
 
spy daily tl using 10/21.10/29.and 10/30 highs was res at 96.22,closed above fri and staying above today, next res line from 1994,2002,2003 lows is 98.72,if that breaks then next res is 101.49 from 7/04 low,maybe we touch that before resuming selloff
 
This kind of continuous tick index high prints usual happens at an important top.

That being said, you cannot easily predict where the high would be until it happens.

Sometimes, you get 2 consecutive days like this before the mkt rollover.
 
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