S another @ 1249.50
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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how many times in a month can they use a greek story to push the market,or in a week,now its every day..there is no.. more cash solution...debt will have to be forgiven..its all high interest mob vig loans anyway...derivatives in the billions...only real if collected...this increased volatility may be a topping clue...they used to call it zig zagging
today is a lot less about trading per se and more about the powers to be seeding unrest..
pullbacks..further than could reasonably be expected...reversal far beyond any expectation
i have no strategy based off today
except to say i'm short the dallar
pullbacks..further than could reasonably be expected...reversal far beyond any expectation
i have no strategy based off today
except to say i'm short the dallar
How so?
Obviously, one needs to develop a consistent methodology, i.e, either use the cash close, pit settlement or both.
I consider myself a trader of the S&P 500 cash index and thus use the 09:30-04:00 close. When the pit close diverge a lot from the cash close, I use both.
Either way, there is no subjective interpretation of these levels when using a consistent methodology from day to day.
Like I said, one could develop an objective rule-based methodology for drawing trend lines as well, but there is no doubt in my mind that they are more random and subjective than horizontal S/R.
Still, it is a tool I use a lot, but more often as a way to keep me out of trouble as opposed to actually taking signals from them, unless I feel that it is very clean and leaves little to the imagination.
Have you considered that it is in the interest of a lot of people to pop up the market regardless of the fundamentals?
Does not seem like there is much needed to swing this market either way these days.
One simply have to part with the strongest side, whether that is Mokele Mbembe or Bubble Ben.
"The market can stay irrational, longer than you can stay solvent."
Which is why it`s tough to blend short-term technical trading with sentiment and fundamentals.
agree with all of itQuote from Laissez Faire:
Have you considered that it is in the interest of a lot of people to pop up the market regardless of the fundamentals?
Does not seem like there is much needed to swing this market either way these days.
One simply have to part with the strongest side, whether that is Mokele Mbembe or Bubble Ben.
"The market can stay irrational, longer than you can stay solvent."
Which is why it`s tough to blend short-term technical trading with sentiment and fundamentals.
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