ES Journal Archive (2009 - 2010)

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Listen to what the market is saying


Still making higher highs
and higher lows


Unless we close below 1178 on cash this will still go down as another up week.

spy still 117 -120 for now


This can very easily overshoot 120 to about 1210 -1215 before we get a sell off.


Something interesting from the chart is we sold off from 1100, then from 1150 and the chart shows resistance at 1200-1220 next
 
Quote from OTCkrak:

walk away and hear about this dropping 30 points into the close:p

day dreaming here
thats exactly what i think will happen, discipline wise ,or clear head,not there at the moment, gonna walk away and let the dust settle, they may have to hold it up more now than ever because the euro is so fragile
 
Quote from ammo:

thats exactly what i think will happen, discipline wise ,or clear head,not there at the moment, gonna walk away and let the dust settle, they may have to hold it up more now than ever because the euro is so fragile


Oh heck, if ammo is folding the top is probably near.

Fighting a trend is stressful and wears on you over time. Don't ask how I know.

A motorcycle ride or a game of golf do wonders for clearing your mind.
 
This market totally reminds me of a character called "the rock" on the (mock) documentary "flying scissors" http://www.netflix.com/Movie/The_Flying_Scissors/70129848 .

"the rock" character is a fat guy who is a rock paper scissors champion for years, AND HE ONLY THROWS ROCK. hahaha. And he wins because his competitors fear the shame to lose to "the rock" exactly at the time that he won't throw a rock (so they are always tempted to throw scissors). hahahaha.

Here's the market throwing rock again. Paper anyone??
 
Quote from volente_00:

A motorcycle ride or a game of golf do wonders for clearing your mind.

My favorite way to deal with stress is a power (very fast) walk, normally for 1 to 1 1/2 hours - I am a new guy when it's finished.
 
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