ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Here is what the cynic inside me is saying:
Well, you didn't know that AH is run by a bunch of halfass schmucks that act more like cockroaches prone to fleeing in a heartbeat?
Seriously, I think a lot of shorties got burned during the recent run-up so they're probably in a wait-and-see mode. Why doesn't that surprise me? When the government is inventing and changing the damn rules at every turn (yeah, I call that curve-fitting), it shouldn't come as surprise. And who's to blame these miserable trannies when they have Uncle Sam to fall back on?
I, on the other hand, believe that we finally turned the corner. Although we won't fall straight down to hell (666), I'm looking at 760-ish. Again, there's that stupid gap at 765 that was never properly punched in the face. Of course, we'll definitely need to revisit the trannies' orifice down at 673. 
I'm also expecting a bit of a pullback here. Hard to say where we'll end EOY.
We should test the 945 pivot sometime this year though.
We should test the 945 pivot sometime this year though.
Quote from saliva:
I, on the other hand, believe that we finally turned the corner. Although we won't fall straight down to hell (666), I'm looking at 760-ish. Again, there's that stupid gap at 765 that was never properly punched in the face. Of course, we'll definitely need to revisit the trannies' orifice down at 673.
With all this trannie talk, the market looks like it's trying to find a bottom.
Just remember folks, trade what you see, not what you think.
Just remember folks, trade what you see, not what you think.
I believe we'll test and exceed 945 by year end, but will close the year +/- 5% from a year ago. In terms of the VIX, which is just an important of a gauge that reflects the uncertainties that lie ahead of us in the next decade, I believe that 20-25 readings is the lowest we'll see. The days of 12-18 values we experienced in the mid 2000's are history. Also, the 1-2% moves we saw during that time will be behind us. 2.5%-4% is the rule of the day sprinkled with puny moves here and there. We're in a new volatile world gentlemen. Accept it, embrace it, and do your damn best to profit from it.
Those were my thoughts exactly sal with the gap fill at 50% of the upmove now. If we get another directional day taking us under 820, should be enough to break 800 quickly. The only thing we have to fear is the trannie.
Quote from saliva:
I, on the other hand, believe that we finally turned the corner. Although we won't fall straight down to hell (666), I'm looking at 760-ish. Again, there's that stupid gap at 765 that was never properly punched in the face. Of course, we'll definitely need to revisit the trannies' orifice down at 673.
Let me expand, still a lot of flack to fly through, 825-831 most notably. Would like to see a clean slice through there for continuation.
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