ES Journal Archive (2009 - 2010)

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I think I just heard CNBC saying that we're no longer in "recession" but "recovery". My head feel so damn giddy from all this optimism. Hey Sven, uncork that stale wine for everyone!
 
Is anyone thinking that since oil couldn't hold 70 for more than 10mins and inflationary worries are one of the main factors the market needs to overcome if we see oil get below 68 could that add fuel to the upward momentum of the market? Which could mean that this damn positive correlation the cl and es have been having is breaking down.
 
Quote from carson:

Longs will feel pain shortly.
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I'd like to see a 30+ pts drop in the market back under the 23-27 zone to initiate a significant reversal.

I wouldn't be surprised if it happens today or next week.
 
Long term trend remains down, medium term trend is up, short term trend is up. I am looking for a place to get short for the long term. In the meantime, I trade the short term from the long side. (position trading):)
 
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