ES Journal - 2013

thank you, Fed!

 

reduce 96 add 98

 

I like your position management, but arent you running out of excuses now for the downside?

 

time will tell,fed qe has been the coal fueling this 5 yr run, the taper is saying the economy is stronger so we can ease, or it's saying we are running out of reasons to go further in hock, this experiment isnt working add 01

 

add 01 add 04 maxed on adds avg 97 5

 

Moves like this totally debunks the myth that only down moves are sharp, short selling isn't safer than going long, you can get killed either way.

 

this is normal for a fed day

 

so why you kept shorting?

 

"Moves like this totally debunks the myth that only down moves are sharp, short selling isn't safer than going long, you can get killed either way. "

My experience is that tops take a LOT longer to form than bottoms in the market, hence shorting requires more skill IMHO.

The trade today was long after the spike down, it's late December and I suspect they want to take the ES to new highs for Dec expiry.

 

just not right in the head i guess