ES Journal Archive (2009 - 2010)

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Quote from ammo:

Sal, Ben has another problem on his hands at the moment , do I prop up the dollar or do i prop up the market, what to do,what to do...i'm so confused
That's exactly what I wrote earlier this week!

Quote from saliva:

The idiot reporters on the financial networks attribute (or rather blame) today's selloff to the rising dollar. Well, what did ya expect when it was mercilessly sold off for ever and ever? Even a dead cat of 9 lives deserves a better treatment than this.

But then I believe this is the first time the idiots used the greenback as an excuse although you would have to be an idiot yourself to believe that the rise in dollar was the sole reason for today's selloff.

Nevertheless, the more pressing issue that's on my mind is whether Bernanke's team has changed their policy towards the printing press, especially in light of the dollar possibly losing its reserve status. That would definitely be a game changer. Poor Uncle Bernie, he's in a lose-lose situation. If he keeps printing money, the dollar will get trashed and ultimately lose its favorable status; if he stops printing, Goldman Sachs and his other favorite stocks might tank. I'm afraid he may lose sleep over this.
 
How silly of me. In the above post, I meant to ask whether this week's selloff was the direct result of Fed's change of policy towards the greenback as I believe it is. Or is this due to the shrinking consumer spending as the idiotic reporters want us to believe?

(Geez, if I'm not mistaken, it wasn't so long ago when the market rallied on bad news, such as larger than expected unemployment number. Now you can understand why I can't stand those idiots even after all this time.)
 
Quote from Pekelo:

P.S.: I posted my long term short signal just 3 hours before the High of the Year! Maybe I should have a newsletter or something... :)
You also said to get long on Monday right before the market got whacked for another 25 points from that level on Tuesday and Wednesday.

Quote from Pekelo:

10-27-09 12:59 PM

Quote from JSSPMK:

Pek & Wave,

Why do you think that this is it for downside?

I expect a bounce at least, because we reached the -100 on the Williams %R on the daily. Last time (Oct 1st) this was the long term buy signal and we rallied back to new highs.

I don't necesserily think we go back to visit 1100 but at least up to the SMA line, which is 1083ish on the cash...
Yeah, you should get a newsletter. You ignore your bad calls and point out only your good ones. :)
 
Quote from marketcynic:

You also said to get long on Monday right before the market got whacked for another 25 points from that level on Tuesday and Wednesday.

So? I didn't say I was ALWAYS right, did I? But if you go and actually do a stats on my calls you would be surprised. (since you are supposedly a newbie member here) Go ahead, weekend homework for you.
Also, making a call and have an expectation is one thing, if the market doesn't behave that way changing your view and position is another.

It is called being flexible and admitting when you are wrong. Not to mention different calls have different strength. I was pretty damn sure about the market topping, that's why I posted a warning.

Yeah, you should get a newsletter. You ignore your bad calls and point out only your good ones. :)

Who ignores them? They are here for eternity, after all... I want a full report on the success of my calls from you by Monday! Now, get to work already and do that stats! :)

P.S.: I will help you, I predicted (meaning posted before the fact) correctly last year's bottom, this year's bottom and this year's top (also the Sept top of 1080). ....and for free, for your pleasure! If you don't like high success rate and accurate predictions, just put me on Ignore, no hard feelings. :)
 
marketcynic,

Making calls is one thing; trading the call is another. Don't pay attention to the moron. Rather, stick to those who actually post their trades in realtime like ammo (or even Buy1Sell2 for that matter).
 
Quote from saliva:

marketcynic,

Making calls is one thing; trading the call is another. Don't pay attention to the moron. Rather, stick to those who actually post their trades in realtime like ammo (or even Buy1Sell2 for that matter).

IMHO the moron is you, at least Pekelo is honest
 
Quote from romik:

IMHO the moron is you, at least Pekelo is honest
LMAO! I guess you see yourself (AGAIN) as the most qualified individual to judge exactly what "honest" is, just as you pontificated yourself as the most appropriate forum nanny.

Plus why should you and other paper traders like Pekelo be considered more honest than me? As dishonest as Pekelo I may be, I don't need to constantly praise myself on every damn post. Get my drift? :D
 
Quote from Pekelo:

Not this year. I expected to make it up to 1111 last weak to have the high of the year and I think at 1101 we already had it.
We probably make it up to the 1070-1080 area again to make a right shoulder and that would be the end of it for the year....

2hicj5u.png


P.S.: I posted my long term short signal just 3 hours before the High of the Year! Maybe I should have a newsletter or something... :)

I think your little angel circlet outside the graphic looks funny as hell.

In a serious note, how can you guys tell this is a reversal and not a retracement ?

I see more upside to come, but as any prudent trader knows, nothing goes up or down in a vertical line.

The 1020s (yes this is not over) will be interesting, if not that I see the end of the retracement somewhere between that and 950 and then it's back to the bull ride.
 
Quote from Pekelo:

P.S.: I will help you, I predicted (meaning posted before the fact) correctly last year's bottom, this year's bottom and this year's top (also the Sept top of 1080). ....and for free, for your pleasure! If you don't like high success rate and accurate predictions, just put me on Ignore, no hard feelings. :)

Hahaha. If you call enough bottoms and tops, you will be right eventually. Its like those forecasters that come out on CNBC, they make all these predictions, and the more, the better. Eventually some of them will turn out to be right and then they proudly tell the public: See, I told you so!
 
Pekelo is a cocky SOB but his analytical skills are extremely good. His recent top call is rather good, retracement or not, just do the math of was vs is. And how did your last top call go SchizoSal? In Chit chat, oh God.
 
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