ES Journal Archive (2009 - 2010)

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Quote from tomahawk:

Today would be the last opportunity to "sell in May". That would seem to be the 'obvious' move.

Therefore we could very easily close higher.
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I don't know - to me given the run up this month the obvious move is that they would like to close it higher leaving more underinvested bullies behind that would provide even more firepower on the open of June when all those retirement dollars come in.
 
Quote from riskymove:

I don't know - to me given the run up this month the obvious move is that they would like to close it higher leaving more underinvested bullies behind that would provide even more firepower on the open of June when all those retirement dollars come in.
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Makes sense. But in that case perhaps the obvious will play out after all.
 
How do you guys like the monthly candles plotted in Europe (FTSE and DAX)?

They look bearish to me...

Come on bears! Let's start the selloff! I want to go on holidays! :D

Edit: ... but on the other hand Japan has a bullish candle in the monthly...

...really not easy times, only day trading until this market starts to show some strength, either north or south bond.
 
Quote from Buy1Sell2:

There should be a very strong move coming in the market in the next few days. It could be as early as today. I believe this move will favor the upside
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I for once agree. Beside the dragon's projected 3rd top, the upper BB on the daily is also at 930 cash, so that sounds like a good target for first run up....
 
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