ES Journal Archive (2009 - 2010)

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We are approaching resistance in the SP.

Market does not have to turn today, as the momentum is obviously up, and could take a while to fade, so instead it just consolidates as it takes a few shorts stops in the process.

Very bearish above 28, I strongly believe break after that point should be faded. Targets so far down, holding over a long period of time is required.
 
The indifference and apathy displayed by the general public in light of the Bernie Madoff Fraud Case and the devastating damage to the victims plus the gross incompetent failure of the SEC to regulate the biggest most astonish and longest fraud in the history of the US should be unacceptable to anyone watching.

The public should at least demonstrate in masses in front of the Court House or in front of the SEC Building in loud disgust.

ALL Investors in Wall Street and online trading should at least stop trading for 24 hours in sympathy to the victims of this horrendous crime with no precedent and in protest to the gross government failure to protect the common long term investor.

The fact that this indifference to react in mass clearly shows the DECADENCE and Mediocrity that is prevalent in our Society.
Decadent societies are often prosperous but usually have severe social and economic inequalities like ours, to such degree that the upper class becomes either complacent or greedy, while the lower classes become hopeless ignorant and apathetic.
 
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