ES Journal Archive (2009 - 2010)

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Quote from wave:

Above 1200 good for 100pt drop. Look to be a buyer again after this drop and then hold to 1475. 1475 will bring a major collapse in the markets. Book those profits while you still got them.

If 1080 area holds =)
 
Quote from wave:

Do we crack the 666 low first then 1475 or minor correction then 1475 and then crack the 666 low? Either way, we will see 318.

DAMMIT WAVE! YOU'RE SCARING ME!!! :eek:
 
will the printing presses be able to print more paper to resume this rally after a selloff/correction or willl the air ballon just slowly descend trying to conserve enough helium not to crash
 
Quote from wave:

Do we crack the 666 low first then 1475 or minor correction then 1475 and then crack the 666 low? Either way, we will see 318.

My read is that 1200 tagged first, so 1000 is not likely to hold in next few months.

900 is my if-or-but zone.
 
SP futures up 0.40% Watch the VIX gap up on the open. They are working hard to keep that VIX up, as not to set off alarm bells.

Stock Index making higher highs, VIX not making lower lows.
 
Quote from ammo:

will the printing presses be able to print more paper to resume this rally after a selloff/correction or willl the air ballon just slowly descend trying to conserve enough helium not to crash

Printing more $ will only keep the stock mkt at around this level due to the fact that many (if not most) insiders and such already cashed out and would never put those money back into the system.

Think of this as 2nd generation of now "old money" defending their loots.
 
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