ES Journal Archive (2009 - 2010)

[MandelbrotSet]

Quote from Roman Candle:

You would be better off waiting for a pull back and go long. All this in and out for crumbes it sort of silly.

The problem with that statement, is that all trading is subjective ... one man's pullback is another man's downtrend.

And there's no garantee that we will get a major pullback before we get 1020 or even 1040+ for that matter.

We certainly haven't gotten a decent pullback in this parabolic uptrend, so far.

 

[Lawrence Chan]

Quote from Chuck Krug:

what number do you have on ES for 50% pullback from top?
thanks.

Funny #s

SPX cash top 1566 close

SPX cash low 666 close

midpoint (1566 + 666) / 2 = 666 + 450 = 1116

 

[paul_alan]

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.

Yabadabadoo!!!!
1000 prints!

Been calling this for a long time now. Feels good!!
Probably keep going up, but I am now gonna wait to see if we get any sort of retrace and wait to get long again for the next monster up move!!

Happy days!

thanks for the pm's

 

[Michael.jstocks]

congrats. whats the plan after? We gonna go to 1340 level maybe pretty soon??

 

[kinggyppo]

Quote from kinggyppo:

stopped out reshort 99.90 stop 100.30

stopped again, ready for my straightjacket.

 

[Roman Candle]

Quote from Michael.jstocks:

congrats. whats the plan after? We gonna go to 1340 level maybe pretty soon??

Maybe 1500 by year end. This recession was not real. It was all a fake. Everyone still has a job, happy days are here again.

 

[Chuck Krug]

Quote from Lawrence Chan:

Funny #s

SPX cash top 1566 close

SPX cash low 666 close

midpoint (1566 + 666) / 2 = 666 + 450 = 1116

thanks

Most recently Prechter made both the upward (Long) for the rally into the summer of 2007 and culminating with a leveraged short recommendation of the S&P 500 futures on July 17 2007 through an interim report mailed out intraday. This position (the short of the S&P 500 futures from the 1500s) was maintained until February 2009 representing nearly 900 points with the index at around 680's. Prechter also predicted a large and B wave rally with target in the 1015 to 1050 area, and lasting for a Fibonacci 38.2% of the length of the decline from the highs in the S&P 500. Once wave B higher completes, Prechter expects the largest impact of the bearmarket will occur.

 

[Pekelo]

I don't think we will go much over the upper BB here, on this weekly chart:

 

[ammo]

Quote from ammo:

sh 96.75 scalp

add 98.5 target 94, todays mp nip, cleavage below to 91....out 98.75 on uvol spike

 

[ivanbaj]

S 998.75