ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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I'm out slightly to the good and watching.
gonna be an interesting close.
We'll see if we have more longs who don't dare hold over the weekend, or more shorts that have to cover.
I am thinking more of the former than the latter, but then I am NEVER right about the close. Which is why I don't trade it.
gonna be an interesting close.
We'll see if we have more longs who don't dare hold over the weekend, or more shorts that have to cover.
I am thinking more of the former than the latter, but then I am NEVER right about the close. Which is why I don't trade it.
green day every day this week! Same again next week??
Beautiful, just beautiful. First we ran up to 1071.41 cash to reach the small dragon's target, then we dropped back from there as expected. Then in the last minutes we run even a bit higher and after the close the futures high is 68.5 which is 72.5 cash (but cash was already closed).
I will post the charts in the dragon thread...
No reason for it to,
inflation fears?
Please! The money supply is down because the velocity of money is down.
Humm the money supply is down despite the tril added to it. That means that real people are buying and selling a lot less, even though the banks got bailed out by having their reserves replenished.
Companies are now super-lean.
But Humm, Real people having less money to buy with. That does not sound good.
Actually I think that the chances that gloom will set in are greater as the days get shorter, but I also heard that only 20% of the Stimulus and Reinvestment ACT money has been spent.
It took like .000000001 secs for half of the TARP funds to go out, and 7 months of hearings for 20% of the stim money to get spent. Hopefully the latency period before serious implementation of projects is about over. Cause if it is not the plunge could be more serious than a refreshing 10% retracement.
In fact did not someone say that confirmation of the uptrend would be if we have a pullback and people don't panick?
Ya know Buy1Sell2, according to my rules, while a downtrend did materialize on the lower fractals, buying came in from the other timeframe traders and moved the market back up substantially ... and according to your rules, a downtrend never materialized, period.
So this trade right here was based on hope, and right now, we're hoping that the market doesn't move four points up and take-out your stop.
P.S. Very interesting action in the market for sure with profits being taken but price still making headway in the S&P, as well as the tech complex continuing to show strength while the business sector wavered, only to find its second wind and continue to make new highs. Thanks for the insights, LC, and while we can call BS if we wanna saliva, you can't really ignore this crap, now can you?
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