ES Journal Archive (2009 - 2010)

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I think it's safe to be short now with both hands. I'm officially looking for long opportunities. Whenever I have these rational moments, the market goes the other way.
 
Quote from ammo:

romik,what do you think about the eur/usd hitting 1.3 1st
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So what if it does? Is there some sort of statistical correlation between euro and stocks? Or are you saying that stocks can't advance alongside your dollar? Look at how indices retraced, would you call it panic selling?
 
they are practically moving in lockstep, i was just curious if you considered the eur in your bias and if so, what was your bias on eur
 
Europe is in a steep financial decline as we speak. Will be irrelevant soon, based on all I can read. Euro will go to bottom of pit, with yen cycling in to top position, along with dollar. All things US are far superior to overseas third world. Russia is dotted with outhouses, even to this day. Does that tell us too much info...Greece? Texas is full of counties bigger than greece with bigger economies. China is bigger economy than all of Europe combined.
 
Quote from romik:

I will be looking long next week, wake up people this is a pullback.
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It's all about time frame.

The trend line from March 09 lows broke down late last month, but the trend did not yet break down through the rising 200-day MA. It found support there on 2/5. So this break down could indeed be nothing more than a deeper pullback in the longer term uptrend.

Shorter term (past 30 days) it's established a down trend that's sold off each attempt to reverse, leaving lower highs and lower lows. Wouldn't there have to a break through SPY 111 with conviction to indicate even a possible continuation of the previous uptrend?

Intraday, who cares, long and short both work.
 
Texas is still #1 economy in nation. Maybe world. :) I will wait for Tuesday morning @ 8:30 cst and see if market goes up down or sideways. I will enter near apex, and wait for point targets to be "seen". If run is normal, exit first 2 targets when "seen" then ride to next apex. Just my iopinion, not meant as advice to anyone. Intraday eminis only.
 
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