ES Journal - 2013

mostly seems to be squeezing shorts, since "common sense" tells me that economy has been damaged and this market should just limp along to the end of Dec. Difficult when the technicals go against logic

 

http://www.bloomberg.com/news/2013-...-high-as-equities-fixate-on-budget-talks.html

These hedgies are going to be destroyed, again.

 

see if 12 holds for cash res

 

dow

 

Wall Street loves kick the can. Imagine what kind of rally could be had if they removed debt cieling and gave bama open check book.

 

I would not underestimate the lengths they will go to and the means they will employ to turn those positions profitable.

 

They wouldnt be underperforming the S&P by such a huge margin if they were capable of that.

 

You guys crack me up with your theories and reasoning.

This market is extremely hard to predict long term, even for total experts, there are just too many variables at work here, best course of action is to attack the short term timeframes (15/30/60/4hr) and have it ball with them as long as volatility remains acceptable; and yes bidirectional, when it's time to short you short, and when it's time to reverse and go long, you go long, all else is a display of amateurism.

 

Lets see if we get a decent rally today for Tday theory

 

Out here at 1707.5 for another +4

Will get back in on a dip for the next leg. Could get 1770 this week maybe?