ES Journal Archive (2009 - 2010)

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Quote from ASusilovic:

T Bonds not buying equity sell off. USD / JPY 93.98. Expect some buying "efforts".
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USD/JPY double top is holding from early January. I have a very high probability sale but am waiting for a willie to print to sell. I"ve been trying to sell it over the past few days but it continues to make higher highs.

Big, big move is coming in this pair and subsequently Eur/Jpy.
 
Quote from Buy1Sell2:

I continue to hold 30 contracts short with the entry price roughly 869 and the stop 1075. On a side note: I have moved 50 percent of my TLNW into inflation protected bonds/securities. Looking to hold for quite a while. :)
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Continuing to hold short here. Will roll into June futures soon. :)
 
Quote from ASusilovic:

We need a headline like now on marketwatch :

"Bloodbath around the world"

:D
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Yes, a few like that , and a big down Friday so that it is on the media during the weekend, in deep Winter, when more people are indoors, and so it sinks in the mind and the last bunch of sellers put in sell orders on Monday... that's a good bottom.

But, unfortunately for us, it rarely happens like that. So today I look for intial down move, testing 760, a sharp rally attempt to about 785/790 and then sell again after 2 pm. However, the last hour's direction will be determined the intensity of the selloff - can it go down to retest November's low? Key is NASDAQ that has held up fairly well so far - but I think NASDAQ will be weaker today.

Watch for that reversal - nearing a bottom, today or early next week.
 
Quote from Buy1Sell2:

Market has, at a minimum, 4 to 5 months before it bottoms. Most likely, this bottom will occur in summer 2010 or summer 2011.
Massive inflation will be coming into play within the next 1 to 3 years and will last a long time.--A decade at least-- Our president is in way over his head and doesn't have a clue about economics or markets. There is a strong likelihood that this will be the beginnning of the end to the democrat party.--nuff said--back to ES
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Still holding this belief.:)
 
Quote from Lawrence Chan:

Since the beginning of this crisis, it is unfolded as at least one of the biggest ones.

Last few times, some type of mkt halts (limit down days, government intervention, etc.) were always imposed onto the mkt before the overall mkt can find bottoms.

Those LDD have explosive volume as it is something so unexpected to most. Thus including many seasoned investors who just got a little bit over their heads were punished with huge losses. Wealth transfer complete at that point. Economy can recover much faster after that.
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I'm also looking for a LDD with a strong intraday reversal to mark a bottom. This slow bleeding is tough to trade, one socialist headline from Obama Nation can easily send us 20 handles higher w/i minutes.
 
Quote from Bigpipn:

USD/JPY double top is holding from early January. I have a very high probability sale but am waiting for a willie to print to sell. I"ve been trying to sell it over the past few days but it continues to make higher highs.

Big, big move is coming in this pair and subsequently Eur/Jpy.
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The relationship of all majors weakening against USD while the US stock mkt tanks is getting more and more obvious.

I guess the US stock mkt simply has no growth value thus marking itself its currency strength.
 
Ah yes, the 5M-SPX-chart-for-yen-scalping days are over.

But there are still a few of the old profitable patterns still alive and doing quite well.
 
Quote from Buy1Sell2:

Still holding this belief.:)
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Last time such experiment by a socialist party was done in Ontario Canada.

Within 30 days of taking the office, the NDP party of Ontario was able to crash the province bond rating by 5 to 6 levels from top rank after swiftly introducing many bills they promised to pass over the years. Huge spending, create jobs, tax the rich, etc. are all in the slogans.

And that effectively crashed the job market, housing market, commercial properties, etc. which took 15 years plus to find a bottom.

And yes, when they got voted out of the office, the party was no longer an official one as they failed to hold onto enough seats.
 
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