ES Journal Archive (2009 - 2010)

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I believe one of the reasons why this market may be selling off apart from technical reasons ie DT & we are due for a pullback, etc is because of a possibility of governments introducing transaction tax & their objective is to stop or reduce short term speculation, so that currently present liquidity will disappear or let's say may disappear. Hence brings back my question from months ago - do you believe that daytrading will seize to exist soon in light of this credit crisis?
 
The exchanges are pushing up against highs, that is not going to happen especially with cme in Obama's back yard. Taxation on the "rich" will be the rally cry.

Quote from JSSPMK:

I believe one of the reasons why this market may be selling off apart from technical reasons ie DT & we are due for a pullback, etc is because of a possibility of governments introducing transaction tax & their objective is to stop or reduce short term speculation, so that currently present liquidity will disappear or let's say may disappear. Hence brings back my question from months ago - do you believe that daytrading will seize to exist soon in light of this credit crisis?
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I see significant support lines stop this downswing just in 48-38 area. If we will go there that will mean that "PPT" has still full control of the market. If will will fall bellow this line than it means that they lost control over the market.
But if there really will be trading tax there will be no market.
 
Quote from pokito:

woah, I have not seen so many technicians here in one 24 hour period....nice, nice

so folks, do i buy or do i sell..?
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Cramer does that, we trade :)
 
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