ES Journal Archive (2009 - 2010)

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what the fuck, sp just went pass the major double or triple(depends on how you slice it) top AND a falling 200MA like nobody's business, without even a blink!

looking at spx daily, this is the third time it touched and broke 200ma. First time it was jan 2008 when it broke below the 200ma when this whole thing started, then it pierced the 200ma in may 2008, and this is the third time it broke above. And this is a significant top from Jan 2009.

this has to be a fakeout / topping pattern, it has to be! :eek: otherwise all this technical just went to shit.



i bought some atm 935 july puts.
 
Quote from lurefo:

I've asked myself the very same questions. Like you just did, my conclusion is that they were "forced" to sit on the sideline. If the structure of the market is changing, then we need to understand it and adapt.

FYI, this is an update to the prior article and a few words on Friday's parabolic close:

http://www.nakedcapitalism.com/2009/05/guest-post-goldman-sachs-principal.html
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LOL The Darwinian selection process begins anew.

Frankly, my mantra up til now was "Learn to adapt or perish!" and it's about to get thrown out the window. Ya see, that attitude is perfectly viable in a legit environment. This trading environment ain't legit. It isn't normal by any stretch of the imagination.

Perhaps it's just me. So I'm adopting another mantra: When in doubt, stay out!
 
Quote from newguy05:

what the fuck, sp just went pass the major double or triple(depends on how you slice it) top AND a falling 200MA like nobody's business, without even a blink!

looking at spx daily, this is the third time it touched and broke 200ma. First time it was jan 2008 when it broke below the 200ma when this whole thing started, then it pierced the 200ma in may 2008, and this is the third time it broke above. And this is a significant top from Jan 2009.

this has to be a fakeout / topping pattern, it has to be! :eek: otherwise all this technical just went to shit.



i bought some atm 935 july puts.
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Here's a hint. You can throw your charts away because they don't work anymore. Moreover, all sellers closed shop for good and aren't coming back.
 
Quote from saliva:

Here's a hint. You can throw your charts away because they don't work anymore. Moreover, all sellers closed shop for good and aren't coming back.
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Welcome to the club saliva - it's definitely a growing group! It's a whole new world out there :D
 
i .ve noticed i am always a day early on these down moves probably 9 out of ten in last year, and historically before that , so its more odds than balls
 
Quote from saliva:

Here's a hint. You can throw your charts away because they don't work anymore. Moreover, all sellers closed shop for good and aren't coming back.
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i am not throwing the charts away yet. Technical and price action never changes over the years because human nature do not.
 
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