ES Journal Archive (2009 - 2010)

[wave]

Home mortgage defaults and commercial property loan failures will continue. Stocks down money supply gets reduced, benefits dollar.

It will probably trade a bit lower, but don't get caught short. USD is setting up for a rocket rise.

This country's fate is tied to its real estate assets. Commercial real estate tied to jobs. The picture ain't pretty.

 

[Builder17]

nice trading this week ammo. and thanks for the charts.

 

[wave]

Imagine the buying opportunity at 170 S&P?

 

[wave]

This transitory correlation discussion is neat. When it lines up with the charts, it's powerful stuff.

 

[wave]

It's very important to get into the habit of writing your own personal journal of ideas and look back on them.

 

[wave]

Elliot wave wise, we are in the 4th wave. Buy the double bottom of the fifth wave down.

 

[ammo]

thanks builder

 

[JSSPMK]

Quote from ammo:

we have the food and the guns,boats ,planes and are trying to get the oil,so the dollar may be the safest currency

but it's just paper afterall, if economy is to slip, so should USD too, temporary rise whilst stocks tumble I dig but longer term

 

[tortoise]

Quote from wave:

Elliot wave wise, we are in the 4th wave. Buy the double bottom of the fifth wave down.

Can you illustrate with a chart?

 

[adadadog]

the US market may dive because U.S. economy had similar problem and failed solution (low cost money) to Japanese economy in 1990. The Japanese market had 9 month nose dive and a decade sliding downwards.