ES Journal Archive (2009 - 2010)

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Coincidence that price traded back to the 860 target that got blown thru?

hint, hint... If you think like a piker you will remain a piker, if you think like the lion you will become the lion. You don't have to have a lion account just yet, but you must profile the lion's behavior and follow in it's footsteps.
 
Quote from Jahajee:

I think the lows have been put in, for this leg down, and markets will rally for at least a week and possibly longer until the next CIT. Some have put this at February 9th.

Why bullish now? Financials (UYG ultra financials) hit a new low yesterday - lower than Nov. Citi and BAC earnings are out, as is Intel. So, there will not be any bad earnings news for at least a month - possible early earnings warnings can come by end of February.

Big 3 auto situation is on the backburner for now - they have enough cash for a few months. Then there is all this OBAMA hype and A trillion $ stimulus which will result in optimism, hope etc.

However, after two or three weeks, markets will resume another leg down after people realize nothing much has changed and situation is still bad.

ES can rally to about 960 or higher during next 2 to 3 weeks.
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Sell to Inauguration, remember?

Monday can be very brutal.
 
Quote from GCSICLRBC:

I offer S&P's near 858.50 today.

It appears I just missed as high has been 857.75...

857 and 860.25 strong resistance today...


Don't you just love S/R? :p


Best wishes,
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Yes we love S/R along with a few other things.
 
Quote from tortoise:

What about the Obama rally?

Won't his drawing-room lefty supporters (Soros, et al) in the financial community want to engineer a rousing welcome from the markets?
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Dump it down as much as you can means real support for Obama.

Don't you get it?

Lower the starting point for the indices, the better the chance this presidency will show a strong growth :)
 
Quote from tortoise:

LOL

kidding aside, aren't inauguration weeks supposed to be bullish?
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I heard that for every other event in this election. I do expect the markets to be highly directional so assuming that I will just go with it.
 
Quote from Lawrence Chan:

Dump it down as much as you can means real support for Obama.

Don't you get it?

Lower the starting point for the indices, the better the chance this presidency will show a strong growth :)
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i.e., the bottom is in.
 
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