ES Journal Archive (2011)
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Quote from A-No1:
Then you won't be terribly disappointed if we opn @ ~52 tomorrow ans climb from there?
We could hit 1200 and I will add to the short, I just dont want to see it above 1215.
FoN
I know someone here uses this chart to show them the long/short makeup of the market and it still looks like there is a historically high ratio of short positions out there. I don't feel comfortable banking on making any new lows until that bear ratio comes down. There can easily be a headline and rally to flush some of these out.
Note the short ratio in early Aug before the most recent correction drop.
http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx
Note the short ratio in early Aug before the most recent correction drop.
http://www.schaeffersresearch.com/streetools/market_tools/investors_intelligence.aspx
Don't trade mumbo jumbo, just base everything on price, it's the only thing that does not lie.
Consider the following myths:
Bullish bias on T days, ever seen bearish T days, I have!
Third year presidential term ends very bullish, even higher when the president is democrat, aprox 18%+, ever seen a bear third presidential term ? I have!
We gonna fill the gap, we gonna fill the gap, ever seen unfilled gaps from way past not get filled ? I have!
Vix this vix that
% bull % bear that
I could go on forever, but there's only one thing that's constant and the ever truth, and that's price. Never seen it fail me, when I fail, it was me, not it.
Always listen to price and nothing else, it's the only opinion you need.
Crazy A
bottom of page ,there are no longs out there to flush,fundamentally,we are f'ed,but chart wise we are stuck in a bearish flag pattern,as long as the ppt is around and QE 3,4,5 are viable,the flush will be interrupted,it's in there best interest to keep the market looking vibrant which they have demonstrated with ease is no problem,the ponzi is still alive and kickin.....http://www.insidestocks.com/momentum.asp
Price shall be above 1215 soon enough in October, against most bearish predictions. If it was going to crack it would have already. It will also be above 1225, and many other prices in October. Furthermore 1370 and above will likely be challenged before New Year.
DEMTDAYBOYZR$Quote from A-No1:
Then you won't be terribly disappointed if we opn @ ~52 tomorrow ans climb from there?
All about probabilities. If you want to bet against 80% then you are either uneducated about the cycles or just enjoy giving your money to the 5%. Biggest down days ever have happened on T days but still a 80 % chance that ES\SPX reverts to green some time during the trading session. Gaps in SPX always get filled. Betting with the masses who chase these gaps will always put you on the losing side. I agree on price though. People often ask what was the turning point for me? When I removed every indicator from my charts is when it all came together. Btw when are you going to update your channel chart? Until we break 1210 still looks like a downtrend channel to me
My identical twin brother lives in a parallel universe that runs 3 months ahead of this universe, and we communicate telepathically every day. Not all information gets through, but some bits and pieces get through, here and there, enough to rebuild and juxtapose the original jigsaw-map-navigational puzzle every time.Quote from macroman:
I have similar fantasies
however, if it goes down enough, will sell my famly silver and increase size so will not have to sleep for a while.
Only my twin brother has similar fantasies to mine. Do whatever you want with the family silver.
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