ES Journal Archive (2006 - 2008)

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Quote from ammo:

everyone on here contributes in someway,bashing traders is not a contribution,a good contribution helps everyone on here succeed,and you're right ,my grammar stinks
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Ammo: I am not bashing traders when (IMHO) I ask legitimate and appropriate questions and receive no answers. The issue of what is a "good contribution" is also very important and yet what that contribution is remains the critical question!

DMartin
 
Thanks for the clarification SS and everyone on the scenario of a pullback to the low 800s.

I guess tomorrow's a nothing-to-mildly-up day?
Edit: Tomorrow we touch the 900 just to say "we did it!" ?
 
Quote from Jahajee:

Thinking along similar lines -- SPY and QQQQ bull calls

But, I thnk Q4 earnings out in January will be very bad, the worst since ???
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The market can go up in the face of bad earnings. Bull markets climb a wall of worry.

The market by that point (Jan, Feb) may have already factored those bad earnings in to prices and may be waiting to see if Obama's economic plan is going to work.

At this point, the only way the S&P is going to go lower than 700 is if the market has decided that Obama's plan is not going to work to save this dangerously deflationary economy from slipping into a depression (the market has already priced in a severe recession).

By June, the market will have made that decision.

If Obama's plan appears to be working, then 2009 will be one of those 30-40% up years, like 1933 (1933 was up more than 50%)

If the plan does not work or it seems that it will not work, then it will seem like 1930.
 
Held half my shorts from wed and going back to full position with add at 88.50-89.50. Will be a battle to close over 74 tomorrow and would like to see 52 Fri-Mon.
 
Quote from Pekelo:

Just for fun, here is the chart of last year's black Friday:
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What's the inside skinny on today?

I'm thinking its Looking good on the bullish side because This morning low we didn't take out the 21% daily pivot. That tells me there is a good chance we go to the daily 30mav in the 907area. We need a platform in that area to go up to 1000.
 
Market is short term overbought. I would watch for a selloff into the close as traders will be reluctant to hold long over the weekend as the retail numbers come in on Monday....

Bearish for today.
 
Quote from detective:

Market is short term overbought. I would watch for a selloff into the close as traders will be reluctant to hold long over the weekend as the retail numbers come in on Monday....

Bearish for today.
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With this week pullback on the 1mn I'm leaning that way also.
 
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