ES Journal Archive (2009 - 2010)

[Pekelo]

Well, just to be positive and contructive, if I had a million dollar account with a cocksure precognition about the market falling 50% in less than 8 months, I would buy OTM puts and LEAPs (even if just for 5% of account value) but as a minimum I would sell calls, instead of hunting here for 1 pts here and there.

What makes Emg extremely idiotic is that:

1. He goes long mostly.
2. He averages down heavily.

So if his own prediction was actually playing out he would be caught in an extremely big downdrawn and most likely loss eventually...

The guy just doesn't make sense at all....

P.S.: Maybe he is an amateur astrologist who discovered an asteroid on a near collision course with Earth...

 

[Builder17]

Quote from Pekelo:

Well, just to be positive

im not sure which dictionary you're using to get your definition of positive... :]

 

[Eko_Trader]

Quote from Eko_Trader:

Short 63.... 2 pt stop


Just playing resistance.....TF is stuck under its resistance at 615

Edit: Target is @ 55

out at 62....gonna wait

 

[trendy]

Quote from emg:

My current estimate the es bottom around 450-550 before march 2011.

Not the only one who thinks so. At least as to the level, if not the time frame. http://www.zerohedge.com/article/albert-edwards-we-are-returning-450-sp

 

[[Proximo]]

I was thinking 150-250 :]

If you guys spent more time on what's happening 'TODAY' instead of these useless guesses -- you would probably break even :]

Quote from emg:

My current estimate the es bottom around 450-550 before march 2011.

 

[Eko_Trader]

Goldman, BAC, and the banks in general are some real jagoffs with their PA. Some is going on out there, I just have no clue what it is.

EDIT: Anyone else have the 9,18 MA on their 10 min chart of ES....it's like a perfect trendline and its holding prettaay well. If this continues, we're rolling on down

 

[Pholeuon]

I can not trade like EMG (and doubt that anybody else). However I think that he simple does not get from his predictions enough and that he risk too much for too little profit. I do not thiink that his system of trading is something that we should follow

But he has in some case amazingly good prediction for turning points.
Not always, but simple it is too exact to be just coincidence. It does not work always, but when it works it is working exceptionally well.
He has some system that I do not understand that quite often gives extremely exact future projection.

I tell openly. If we will even retest 666 prior march 2011 I will say that it it the greatest call that I ever heard. I personally wholehartely believe looking on my channels that we will test 950 until than, 900 still looks to me quite probable and even 800 possible. But 600-500 or 450 - wow. I am not trading longer timeframes so it will not help my trading but if we will get to 666 and bellow in such short time frame I will be shocked.

 

[ASusilovic]

Quote from [Proximo]:

I was thinking 150-250 :]

If you guys spent more time on what's happening 'TODAY' instead of these useless guesses -- you would probably break even :]

Agreed. the media outlet in question is making propaganda for more than 2 years that a "crash" is imminent. I wonder if any followers have still any cash left to short the market...

 

[hektor]

Bid 54.25, Stopp 52

 

[Eko_Trader]

Quote from Eko_Trader:

Short 63.... 2 pt stop


Just playing resistance.....TF is stuck under its resistance at 615

Edit: Target is @ 55

Done.

Full disclosure, I originally got out @ 62 as posted. Got back in @ 61, but didn't post the latest entry. Watching how we behave around 53-51 if we get there.