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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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As we prepare for the week ahead, the strong uptrend remains intact.
Has anyone else noticed how the so-called "sell-offs" have been very short lived ... and prompted more buying which has taken prices to ever higher levels?
I have ... it's a classic trend if ever there was one, and illustrates B1S2's trading philosphy to a tee.
See you at the Open, you know which side I'll be on.
Good trading
Has anyone else noticed how the so-called "sell-offs" have been very short lived ... and prompted more buying which has taken prices to ever higher levels?
I have ... it's a classic trend if ever there was one, and illustrates B1S2's trading philosphy to a tee.
See you at the Open, you know which side I'll be on.
Good trading
looks like this week we may finally cross and close the long awaited mark of 1000 (SPX cash value)
according to History,the Index shouldnt pause there but march up fairly quickly to the 1020-1030 area, possibly as far as 1050.This is an old trading principle and is talked about in a well-known trading book.
keep an eye out for that close above 1000 and buy buy buy....
blackguard
according to History,the Index shouldnt pause there but march up fairly quickly to the 1020-1030 area, possibly as far as 1050.This is an old trading principle and is talked about in a well-known trading book.
keep an eye out for that close above 1000 and buy buy buy....
blackguard
I am expecting to see the longs continue to buy the dips, only, they will get CRUSHED this week. Bad data coming out, mark my words.
I've read a lot of commentary about how the next serious pullback will fail, similar to how the H&S failed...but these people have it backwards. The H&S failed and resulted in a massive short squeeze, this time, with too much bullish sentiment, there is a good chance of the pullback developing into a healthy correction.
Indexes will be down +5% over the next two weeks, no doubt.
I've read a lot of commentary about how the next serious pullback will fail, similar to how the H&S failed...but these people have it backwards. The H&S failed and resulted in a massive short squeeze, this time, with too much bullish sentiment, there is a good chance of the pullback developing into a healthy correction.
Indexes will be down +5% over the next two weeks, no doubt.
Quote from paul_alan:
fantastic market!! Its nice to wake up knowing that the market will likely be higher than when you last saw it, lol.
1000+ES is guaranteed at this point. Long may this market continue.
Guaranteed ? Wait, the last time I heard "guaranteed" in this journal, we corrected how much ? Must be coincidence....
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