ES Journal Archive (2009 - 2010)

[wave]

At minimum we will touch back to 1200, gee I wonder why?

Careful 932 approaching, ratchet up your stops on longs.

Quote from InvestVision:

http://www.bloomberg.com/apps/news?pid=20601213&sid=a5mSOfz7Alhk&refer=home

predictions:
Standard & Poor’s 500 Index will rise 17 percent in 2009 based on the consensus of 11 strategists surveyed by Bloomberg News.

that is the S&P 500 would end 2009 at 1,056 based on above ...

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[startraitor]

one more try on the short side 29-30, stops over 34, target low 20s.

 

[InvestVision]

Here is details of Standard & Poor’s 500 index 2009 predictions ...

Firm Strategist Target %Change
Barclays Plc Barry Knapp 874 -3.2%
Citigroup Inc. Tobias Levkovich 1,000 11%
Credit Suisse Andrew Garthwaite 1,050 16%
Deutsche Bank Binky Chadha 1,140 26%
Goldman Sachs David Kostin 1,100 22%
HSBC Holdings Kevin Gardiner 1,000 11%
JPMorgan Chase Thomas Lee 1,100 22%
Merrill Lynch Richard Bernstein 975 7.9%
Morgan Stanley Abhijit Chakrabortti 975 7.9%
Strategas Research Jason Trennert 1,100 22%
UBS AG David Bianco 1,300 44%

Quote from InvestVision:

http://www.bloomberg.com/apps/news?pid=20601213&sid=a5mSOfz7Alhk&refer=home

predictions:
Standard & Poor’s 500 Index will rise 17 percent in 2009 based on the consensus of 11 strategists surveyed by Bloomberg News.

that is the S&P 500 would end 2009 at 1,056 based on above ...








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[HooLee]

Quote from Jahajee:

up or down does not matter, give me volatility.
Now that they tell us all these traders are back, let
us have a few 500-point DOW days. Can't make money
with 100-point DOW moves.

914/916 or 895/898 support - if it breaks 895 then all the way down to 950 ...

935/937 and 956/960 resistance... if it breaks out above 960 then 1025 in a few days.

Long volatility is certainly looking good at the moment, but this market has to settle down, maybe in the second half of this year. Be aware of market characteristic change then, if we are back to 2003 type of market, only Buy2Sell1 (sorry B1) people make good money.

 

[wave]

Notice the what-if pause as we approach 932...

903 is the today's target.

 

[Lawrence Chan]

Quote from wave:

Notice the what-if pause as we approach 932...

903 is the today's target.

Need an event to trigger that.

 

[jmoo]

My ES indicator says we are going higher!! Look out!

 

[smilingsynic]

Quote from Lawrence Chan:

Need an event to trigger that.

Not necessarily. If price fails right around Friday's high, then Friday's low has a chance, if the daily pivot point does not serve as strong enough support.

 

[kinggyppo]

Quote from InvestVision:

Here is details of Standard & Poor’s 500 index 2009 predictions ...

Firm Strategist Target %Change
Barclays Plc Barry Knapp 874 -3.2%
Citigroup Inc. Tobias Levkovich 1,000 11%
Credit Suisse Andrew Garthwaite 1,050 16%
Deutsche Bank Binky Chadha 1,140 26%
Goldman Sachs David Kostin 1,100 22%
HSBC Holdings Kevin Gardiner 1,000 11%
JPMorgan Chase Thomas Lee 1,100 22%
Merrill Lynch Richard Bernstein 975 7.9%
Morgan Stanley Abhijit Chakrabortti 975 7.9%
Strategas Research Jason Trennert 1,100 22%
UBS AG David Bianco 1,300 44%

LOL, these guys couldn't hit water if they fell out of a boat, show last years results please.

 

[Lawrence Chan]

Quote from smilingsynic:

Not necessarily. If price fails right around Friday's high, then Friday's low has a chance, if the daily pivot point does not serve as strong enough support.

True.

Test of high failed ... I can see 14 coming with very high probability.

I would like to see continuous buying into each new swing low to confirm (i.e. buying all dips disregard to strong sell off).