ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
Time to prognosticate 
I don't think this drop is the "big one" - not yet.
Pek raises a very good point about inflation. IMO the feds are *trying* to inflate the USD. They have very good reasons to create inflation -- and they are doing their damnedest to create it.
Since the feds and the banks are such good buddies - I think the message to the banks about the markets is: don't let it crash until inflation kicks in... then the "big one" crash has the illusion of being a lot softer.
Short term - I think they take it up to 1100-ish/daily 200ma ... then we come down again ...but in the worst case >950.
After that it's more grinding up.
I don't think this drop is the "big one" - not yet.
Pek raises a very good point about inflation. IMO the feds are *trying* to inflate the USD. They have very good reasons to create inflation -- and they are doing their damnedest to create it.
Since the feds and the banks are such good buddies - I think the message to the banks about the markets is: don't let it crash until inflation kicks in... then the "big one" crash has the illusion of being a lot softer.
Short term - I think they take it up to 1100-ish/daily 200ma ... then we come down again ...but in the worst case >950.
After that it's more grinding up.
- short term we're up to 1100... but I am waiting for the market to break out of this 28-48 range before I make a move.- Status