ES Journal - 2012

Ben and the Harvard boys are not going to let minor details such as reality step in the way of...progress.

 

4th year from the bottom of the business cycle.

 

http://www.businessinsider.com/john-mauldin-earnings-cycle-2012-8

 

Forget about the theatrics, just ride the waves. Who cares what the market is / is not pricing in. Price action will tell you what direction we are going.

 

short 34.5
stop 39.5
target 22.5

 

Rickshaw's position was 2,25 points from his entry during the overnight session. Will update his position by end of day.

 

cash ledges, that nip is 33-35 and the tl is 33

 

sell stop 30.25 T 28 stop 31.50

 

almost, out 29.50 too hot now

 

35-30 cash layup