ES Journal Archive (2009 - 2010)

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Quote from saliva:

When I consulted my crystal ball about it, I got hounded for asking. Basically it said the charm of trading is all about maintaining the aura of mystery and it has no intention of robbing anyone of that pleasure. So I can't help you, bro. At least I tried.

:D
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translation, i dont know
 
We could say today was a very ugly SDD. Since we already have the unfilled downgap, going long overnight looks like a fairly safe trade because of the 2nd gap protection. If we start tomorrow with an upgap we might have a chance for an island reversal, which usually indicates the bottom/top....
 
Quote from wohc:

What do you mean by "hedge"? Thanks.
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I would hedge here via vanilla options; I did not. I am looking for a swing trade here; first target 72 then 75 on spy.
 

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Quote from ammo:

translation, i dont know
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My crystal ball does not give specific trade recommendations. But I think it's fair to say that it drops enough hints here and there to help one make that same decision for oneself.

But beats me, I'm only a messenger. :)
 
Quote from JSSPMK:

For the ones that are bullish on stock markets have a look at USD weekly chart vs SPX (2008-2009). Right now USD is about to start (already started to) climbing towards next resistance level on the Weekly time frame, yet SPX is floating around a major support area. To me that is a bearish indication as far as stocks are concerned.
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One moving towards resistance, another towards support. Interesting, confluence of the opposites in a way.

Weekly view:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2329350>
 

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Quote from saliva:

My crystal ball does not give specific trade recommendations. But I think it's fair to say that it drops enough hints here and there to help one make that same decision for oneself.

But beats me, I'm only a messenger. :)
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actually,i dont know ,is an honest intelligent answer
 
Quote from riskaddict:

did anyone see that crazy lady on fast money. She agrees with most of us SPX 600 somewhere down the road. But in the meantime....
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DT materialises when key support is taken out, so far USD has broken out of resistance zone, everything points to continuation of USD rally ImPO of course.

I am guessing here that whenever redemptions subside that would mark an end to USD rally which is linked to stock market decline.
 
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