ES Journal Archive (2009 - 2010)

[gkramer]

Quote from ammo:

limited upside

In a free market absent of fed-backed near risk free investing, the charts technically speak to that. In today's case, the fed is behind investors 100%. Zero to low interest fed-issued greenbacks has got us where we are, as well as intentional devaluing of the $. And now that the fed is going to buy back $600B in treasuries by mid-2011, bond investors will be forced to take flight to equities, further fueling this jobless bull market.

Buy the dips near prior day lows and cash out at the top of the channel. The threat of BAC put back risk may temporarily slow the rise, but that simply provides buying opportunities for portfolio managers who HAVE to post good numbers by year's end.

 

[ammo]

i'm not an economist or mathematician so take it with a grain of salt, those two humps above the channel are the dotcom and the real estate bubbles,unless we make a ben bubble,i dont see anything to take us exhuberantly above the line,you make a good point about the bond money needing to move somewhere

 

[Lawrence Chan]

Quote from Nexen:

Well, here's a gutsy call.

Any subsequent pullbacks will be buying opportunities, just don't be greedy, screw the bears and get back out into patience mode for the next on sale opportunity.

Start small and average down, you got the fed behind you.

Basically do what ammo does but with the trend.

No. Not necessary.

Ben is betting on everyone jumping on the boat, especially all those money that left the stock market over the past 14 months.

He is betting on at least 1 trillion dollars standing at the sideline right now to jump back into the stock market to bail him out.

If that does not happen soon enough, the next flash crash will have no bottom until law makers step in. i.e. selling stocks is illegal, etc.

Well, the flip side is that once the dumb money is moving back into the stock market, as traders we have no choice but to follow so the scenario you are talking about will unfold.

 

[Lawrence Chan]

Quote from ammo:

i'm not an economist or mathematician so take it with a grain of salt, those two humps above the channel are the dotcom and the real estate bubbles,unless we make a ben bubble,i dont see anything to take us exhuberantly above the line,you make a good point about the bond money needing to move somewhere

Scary thought -

Taking gold price into account, there were never a double top.

Think about S&P running upto 1500 when gold is priced at 3K.

 

[EliteThink]

Quote from Nexen:

Well, here's a gutsy call.

Any subsequent pullbacks will be buying opportunities, just don't be greedy, screw the bears and get back out into patience mode for the next on sale opportunity.

Start small and average down, you got the fed behind you.

Basically do what ammo does but with the trend.

es is providing your entry now. hate to admit it but 1250 is likely next stop.

 

[gkramer]

YM has already broke Fri RTH low as well as Thur AH low. Could be an interesting evening.

 

[ammo]

reduced at 18.5

 

[candles]

Quote from Nexen:

Well, here's a gutsy call.

Any subsequent pullbacks will be buying opportunities, just don't be greedy, screw the bears and get back out into patience mode for the next on sale opportunity.

Start small and average down, you got the fed behind you.

Basically do what ammo does but with the trend.

Abso-friggin-lutely!
Look at how many points airwaves has racked up with his calls. I changed my ES style to one like his quite a while ago now.
I guess you need a decent sized account to trade like AW and Ammo. (although I dont know how ammo has managed to survive in a market that goes up relentlessly day after day, month after month when only playing the short side. Respect to him though.)
It would take a big terrorist attack to put a debt in the profits AW has posted. I guess that's the only risk with his trading style, although im sure if there was an attack it would just bounce back within a week or so.

 

[JSSPMK]

My2c

Still a buy. But TICK weekly starting to show strain similar to pre-flash crash. At this moment in time it is early to start sitting on hands IMO.

 

[i_c_fed_people]

I reckon we get a drop soon. Maye 10-15 points or so and people will get excited that its finally coming down, but in fact, the drop will just be an other opportunity to get long for yet another ramp up.
However, I sure as hell dont plan to short this thing in anticipation of that drop! ES is a buying mans instrument, lol.