ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
its a holiday week, the firms want to close out december strong, the dollar and eur/usd or trying to break thru res and supp, the thur/fri moves were total manipulation for exp, according to adv/dec #'s, so i would guess very volatile , good time to trade smal or not at all, hi lo,i see 1105 and 1063, maybe 1055. beraish sentiment is highest since sep 08 ,which makes one weary of short squeeze http://tickersense.typepad.com/
 
Those sentiment #'s are bullishit. Aaii #'s are up to 43% bulls this week fom 25% 2 weeks ago. Bullish consensus on one indicator was at all time highs 2 months ago and the mkt still skied. The bottom line is sentiment indicators won't work this time because the guy on the street is hurting and that won't change no matter what stocks do. Also during the huge selloff in feb bearish sentiment was massive and the mkt still fell. After a world record 70% 8 month run no matter what the news is its getting tougher to keep this ponzi going
 
Status
Not open for further replies.
Back
Top