ES Journal Archive (2009 - 2010)

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Quote from romik:

Dollar double topped & won't recover for months now

Hmmm.. DX does look an awful lot like the US Equities DT....

Ahh, looks like today will be a 9 count buy on the DX. The momo is down on the DX but it does look ripe for a bit of a rally to 85-86.75.
 

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let's see, too much of a consensus on dollar topping and this market reaching 870 and above.

I doubt attempts at reflation will be successful unless they start fixing asset prices by decree.

TALF will be met with indifference by the private sector and its fallacy exposed.

Looking forward to getting a call from my private banker offering me to participate in this amazing opportunity "bail out your neighbour".

Also I expect little interest from foreigners in the TALF.

Although I have no long term positioning, I expect 450 on the S&P and 1USD = 1EUR = 1GBP by october.

Let's get back to today, I'm a buyer at 800 if we get there. Stop 790. Target 820+.
 
For the sake of America, I hope that you are wrong on the ES, the charts do support the prospect of it happening.

Weekly VWAP is at 801, looks like a good buying opportunity to me.

Mid-keltner channel on 240M is around 795 which also provides great support.

The market won't care about the TALF or any of the other Fed programs, this is a concentration of capital that knows this is going to be the big rally before the depression really settles in.
 

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Quote from Bigpipn:

For the sake of America, I hope that you are wrong on the ES, the charts do support the prospect of it happening.

Weekly VWAP is at 801, looks like a good buying opportunity to me.

Mid-keltner channel on 240M is around 795 which also provides great support.

The market won't care about the TALF or any of the other Fed programs, this is a concentration of capital that knows this is going to be the big rally before the depression really settles in.
that big rally could have ended yesterday on a 500 point note
 
We need to get to about 830 (834 cash) without a serious pullback for this to be the biggest % bear market rally in the last 20 years. I previously posted that the last three rallies recently were 24%, 19%, and 21%. There were 4 rallies in the last bear market of 21.7%, 24.6%, 24.4%, and 24.2%. So 834 on cash would take us over the yet unseen 25% rally.
 
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