ES Journal Archive (2009 - 2010)

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Quote from saliva:

I wouldn't exactly call it an outright hibernation, but we've goine into a stealth mode. We're all holding our breath and silently waiting for that right moment to strike.

Like Friday morning?
 
crappy theory number 523

the big boys are keeping the market artificially inflated so that on bank stress test day THURSDAY they can make the market do wacky abnormal things, and maybe sell off from a higher level.

I am not trading on stress test day.
 
Quote from riskymove:

Like Friday morning?
At this point, I doubt I'm the only one who foolishly thinks that S&P is registering an IHS pattern. If that were the case, the Cash index should see 940-ish before reversing. Then it should retrace about 200 points down to 740-ish to put in the right shoulder.
 
Quote from angel_king:

crappy theory number 523

the big boys are keeping the market artificially inflated so that on bank stress test day THURSDAY they can make the market do wacky abnormal things, and maybe sell off from a higher level.

I am not trading on stress test day.





This market may get another leg up on Friday when they manipulate the market with fake stress test results. This should give the market a parabolic rally. $SPX target is 1,000. Dow could reach 9000.

Remember, they want to give the impression that the worst is over. This will draw in more longs rushing to get into the market as not to miss the next big bull market. Not knowing that this bear market rally is a sham they will get left holding the bag and the market will collapse!

When the market collapses this time there will be NO REBOUND!!! Those who bought the false breakout will no longer trust govt or wallstreet and the public will lose confidence in the system and that will give the market that last push overboard the steep cliff.

Market could stay VERY low for a very long time!!

We are looking at the mother of all stock market collapses of which there will be no coming back!

So keep buying until key support is broken .........then sell everything and don't look back.
 
Quote from saliva:

At this point, I doubt I'm the only one who foolishly thinks that S&P is registering an IHS pattern. If that were the case, the Cash index should see 940-ish before reversing. Then it should retrace about 200 points down to 740-ish to put in the right shoulder.

Unless there's something hidden out there, you'll be lucky if we see 100 points let alone 200 point pullback. 10% from any peak should be the max on any downdraft for the next several months.
 
So equity markets will be going up now until inflation becomes an issue and the fed starts raising rates, the Dollar index is back to 77 and oil is at 100? I will feel more comfortable going long es when it goes up when oil goes down. But by then it shall be to late. I'm glad i had good 1st quarter cuz i be confused as heck.
 
I have been doing OK recently daytrading, but i do wish i would have taken my own advice more seriously last month about just buying any little dips and just holding them for much higher prices. Been a buying frenzy and it'll probably keep going....
 
Quote from Lawrence Chan:

Shorten op ex month. 900 tagged.

If they can, they would love to make 800 their closing price on next friday. But as you said, there are enough inflow here to keep things alive.

So 850 could be the reasonable target for them to work on.


870 or 850.


800 for june perhaps.
 
Quote from Lawrence Chan:

Stress test result is the funniest news we have lately.

Notice how it started out with fox leaking the results. Then COMPLETELY declined by the govern. Then now partially confirmed that there were some truth to the original report, etc. etc.

I guess there is no final stress test results at all as of this time - it will be modified again and again to fit the picture and to shut up the nay sayers ... just like the novel 1984. =)
i dont think they can let anyone know the truth,they are buying time trying to come up with a believable scenario/solution,its a huge bluff,they are in the biggest pot of there life with an unfilled straight,they just keep raising the stakes hoping everyone will just cave, if they dont win this hand,we are done....what i would give to know the truth...no one has mentioned the ecb meetings on thursday,do i have the date wrong
 
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