ES Journal Archive (2009 - 2010)

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Quote from kinggyppo:

watch the yen here folks, if there is an intervention there may be a nasty reversal up, shorts better have stops, that said how low can we go?
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"JPY has backed off recent highs because of growing expectations (and government signals) that the government/BOJ is about to do something about the strong yen, both with fiscal stimulus and more BOJ action. While one or two more attempts at the historical high of JPY79/USD are likely, the fact that Mrs. Watanabe levered individual forex traders are betting against the big specs has the big specs blinking. However, we think the JPY/USD move is more likely to run out of steam on its own accord rather than be forced to change course due to meaningful Japanese government action. If it were merely a case of betting against the Japanese government's ability to stem the tide of deflation, we would take that trade. However, the JPY/USD trade has many more complicated moving pieces." - japaninvestor.com
 
Quote from ASusilovic:

Gap number 7 forming in pit S&P.

You are not far away from chart pattern that occured 5th of February 2010. 1066.00 pivot.

First wave down 1052, up to 1063.00. Refusal to go green. Down to 1040.50. Closing 1063.00.
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That is only when someone fire off buy programs like no tomorrow.

And that GS no longer promoting the government agenda lately ... it is not that reliable anymore. =)
 
Quote from ASusilovic:

1040,1045,1050,1055 puts in place. Let´s see whether bears have the guts to move "the market"...:D
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Let's see if bulls step in to buy big time.

If so, GS will turn them all into roadkill and we may get 1020-30 zone in one shot.

We need this thread to stay bullish. =)
 
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