ES Journal - 2013

Maybe a breather coming?

http://www.bespokeinvest.com/storage/dow1029.png?__SQUARESPACE_CACHEVERSION=1383071392694


http://www.ritholtz.com/blog/2013/10/1929-crash/

 

All time highs again, hard to predict. Many big I banks year end targets nearly hit.

Got to believe the big one is coming. Can't continue printing 1 tril / year without damage to dollar which is good for US but nobody else. There will be pushback.

 

market looking cheap again, looking to go long

 

bot some TF 1114.5, stop 1113

 

out 13.8

 

Strong uptrends know no resistance, all reversals are getting caught by some type of moving average.

 

I think so.Tomorrow I will paper short the ES.

 

reduce 63.25

 

dow back to /thru res now supp

 

4hr ES has started a possible downtrend mov perhaps will see 1750 by EOD tomorrow..selling a put or two over the next 2 days of EOM and weekly ..45 & 50. VIX is up almost a point but still 14ish so no major fear.