ES Journal Archive (2009 - 2010)

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random scribblings, remember its just a game.

like the death row prisoner taking that last walk to the electric chair, the market is doing one last dance to try to get away before we light up ol' sparky ...

I've seen this pattern before ...
last_dance.jpg


support becomes resistance
rollercoastertictictic.jpg


triangle patterns usually resolve themselves
trianglepattern.jpg
 
Down-Up-Down-Up-Drop...

Damn wanted to enter near the close but I missed most of the day, so I didn't have a feeling of the market...

Aside from that, the indexes have expressed big back-and-forth swings intraday lately, is this the new norm or simply a short-term event?
 
true summer like weather hasnt started yet... once it starts a true upsurge will occur.. then meandering.. for further signs that things have stabilized..

with stabilization comes reduction in risk premiums..

the risk premium on inflation will only get worse with time... to balance this off the economy wont be allowed to snap back as hard, since interest rates on debt will climb sky high.
 
Quote from Spectre2007:

charts
Isn't this starting to look like a huge IHS in the making? :eek:

What would be the right shoulder target? 750-ish?

On another note I finally see why B1S2 said 940...
 
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