ES Journal - 2013

Lol, blah blah blah.

 

if everyone had a box on their shoulders, we would call it thinking inside the box,wall street thinks of us in this way,all they have to do is think outside of the box and the majority of us become dinner

 

xlf(banks) have gone thru the nip ,broken the ledge and will most likely reach the 20+ nip

 

Wall street guys have unlimited leverage, as much capital as they can stomach, zero transaction fees, access to the best technology/quants, a self serving regulatory structure, and inside information galore. Whereas you or I may have a beagle, Wall Street keeps the FED as a pet.

We are all chumps compared to that arrangement.

 

long and strong 1652.25

 

s 55.25
stop 58.25
t 47.75

 

Final add 1655.

Now waiting patiently for the correction.

 

maybe vicinity 1675.....

 

or 1780?

in all seriousness, though, 1666 cash ought to be worth a hiccup

 

that won't happen. we are going to correct. We don't have such runups in the market. We are up more than 4% for the month and its been just 15 days.

EDIT: My understanding is that yesterday high at 59.75 will prove to be a swing high. We are going to go at least below 40 and good chance that we are going to see 30- before moving back up.