ES Journal Archive (2009 - 2010)

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Quote from paul_alan:

short here at 754
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Covering half here for 10 points profit, as we are at one of AMTSW4's targets. Holding the other half as i think he mentioned we are going lower still.
 
Quote from paul_alan:

Covering half here for 10 points profit, as we are at one of AMTSW4's targets. Holding the other half as i think he mentioned we are going lower still.
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Nice


AMT4SWA - Aircraft Maintenance Technician 4 South West Airlines


AMT is also Auction Market Theory
 
Quote from paul_alan:

Covering half here for 10 points profit, as we are at one of AMTSW4's targets. Holding the other half as i think he mentioned we are going lower still.
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that was beautiful- nice trade. i was going to post about taking some off teh table here, as 741 is the line in the sand. geesh, sure looks like it's gonna fall today, though...
 
Quote from BoyBrutus:

Nice


AMT4SWA - Aircraft Maintenance Technician 4 South West Airlines


AMT is also Auction Market Theory
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lol..cheers. That's the one. I always get it wrong.

I cant wait until he says we are going up. Im gonna load up so much! Feels uncomfortable selling around here but it keeps working!
 
Quote from gangof4:

could you explain where the blue line comes from in your chart- seems pretty random. 'if' it gets down that way, the chart dictates a spt @ 600, as the other poster said.

btw, you're not really serious about your 130 2013 target, are you? i believe that's below tangible book value. kinda silly.
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If you don't think we could go under a 5 handle on the ES just look at the Nikkei.

Whether you want to believe it or not, our economy is in much worse shape than their economy ever was. 60% of our GDP is based on consumer spending, we manufacture nothing.

This entire economy was based on endless credit expansion. We will not see the same level of economic growth (it wasn't really growth, it was artificial demand created by credit which drove up asset prices so we could obtain more credit/leverage on these phony asset valuations) for years, maybe even decades to come. This place could turn into an economic wasteland once we bring all the troops home without jobs.

SPX 200 is possible with 70% tax rates, 20% unemployment and 8 quarters of -GDP.
 
Quote from Bigpipn:



SPX 200 is possible with 70% tax rates, 20% unemployment and 8 quarters of -GDP.
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Excellent analysis Bigpipn, did you extrapolate some data points for those figures?
 
Quote from paul_alan:

Covering half here for 10 points profit, as we are at one of AMTSW4's targets. Holding the other half as i think he mentioned we are going lower still.
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Closing other half here for 20 points :)
 
Quote from Bigpipn:

If you don't think we could go under a 5 handle on the ES just look at the Nikkei.

Whether you want to believe it or not, our economy is in much worse shape than their economy ever was. 60% of our GDP is based on consumer spending, we manufacture nothing.

This entire economy was based on endless credit expansion. We will not see the same level of economic growth (it wasn't really growth, it was artificial demand created by credit which drove up asset prices so we could obtain more credit/leverage on these phony asset valuations) for years, maybe even decades to come. This place could turn into an economic wasteland once we bring all the troops home without jobs.

SPX 200 is possible with 70% tax rates, 20% unemployment and 8 quarters of -GDP.
More...

in the 600 vs 550 part, i was commenting on where real support was on the chart. i made no comment on ultimate low. my other comment was that S&P 130 is HIS 2013 ultimate tgt- i think THAT (130) is reality challenged.

i don't disagree with your summary of the situation, it was 130 i had a problem with.

btw... holy shit (the drop we just had)...
 
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