ES Journal Archive (2009 - 2010)

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Overall short interest on the S&P 500 stocks has been declining but we are still at historically high SI levels. We might see a final short-squeezing upthrust before the big drop. May happen this week or early next week. And given the current level of euphoria still we need a catalyst, some really bad economic numbers for the market to start any meaningful drop. A shocking employment number maybe?
 
Quote from vertigo3:

Sell in May, and walk away.

FWIW, I saw someone on TV claim that the rule does not necessarily work in Mays that follow down NOV-DEC-JAN
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I think it is mainly just referring to the summer doldrums when volume drops and market tends to chop and drift.
 
I think tomorrow would be a perfect day for a top on the ES, it is a holiday in Europe so a good part of traders will miss a part of it and will sell like crazy on Monday (starting Sunday evening) at the open. Let's see.

I'll try my luck and short in case it touches 916 st 922.

Good luck to all! :cool:
 
Quote from volente_00:

I think it is mainly just referring to the summer doldrums when volume drops and market tends to chop and drift.
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Apparently, Hirsch Almanac triggered a sell signal on April 23...it does not generally go back into the market until October ,subject to its "buy signal".

It seems to have an impressive record over the years in comparison to a "buy and hold" method.
 
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