ES Journal Archive (2009 - 2010)

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Selling of stocks and bonds to pay off various kinds of debt should kick in this week. e.g. tax, mortgage, credit card debt, etc.

None of those are needed in previous years as people were able to borrow loans easily.

Edit: That means, fund managers buying on lower yearly inflow vs an unknown size of selling for this week. The direction of today should be good enough pointer for the coming several days.
 
Quote from wave:

Do you smell the short @ 932?

860 Target 1 760 target 2
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It is THE sell zone if new lows or retest of last year's low has to be made.

But do you expect a retest of 932 area first?
 
Quote from Lawrence Chan:

It is THE sell zone if new lows or retest of last year's low has to be made.

But do you expect a retest of 932 area first?
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Yes a double top formation.
 
B1,

I know your short but any thoughts on the weekly macd?

thanks


Quote from Buy1Sell2:

Staying short here with the 30 contracts. Demonstration of a wide stop in an oversold market continues. Good trading all!:)
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