ES Journal Archive (2009 - 2010)

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Quote from David M:

Reducing for 1 point gain at 63.25

edit: recduced at 63.. 1.25 gain... still holding with original stop.
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reducing more @ 62. Remaining contracts at BE stop
 
I think that the FED (who in my opinion is propping up this market) should think that putting this market more up might not be a good thing. I believe that at a certain point the "induced euphoria" in the market will bode badly to the millions unemployed in the US and will make them resentful, and hating wall street even more. Maybe the ideal would be to keep the market in the spx 1105 to 1115 for this year, until things really start to pick up for real in employment and housing.

Ignoring the "rage" that the average American has towards wall street now can be a fatal mistake. And a giant disconnect between stocks and the life standard of an average American is gaping dangerously high. Don't underestimate the people resentments Bubble Ben! That is my unsolicited advice to you!!
 
Quote from ksonsinc:

what # should we look or a shirt term resistence since i am short from 1163
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i doubt we close red today.. but will look very bearish for tomorrow

58.75 might be a low this afternoon
 
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