ES Journal - 2013

Lines can be very subjective.

Are these hand-drawn, or some algo generated tl program?

I see a couple areas that are missing lines on your chart, but have a very distinct price action when touched..

Just curious.

 

Anyone using IB have a problem with their current ES chart? I show the closing at 1493.25, but there is no bar near that price at close.

Maybe I am short a couple cups of coffee, but this is a head scratcher.

 

add 02..05 avg 2.3

 

Lines target is 1520+

 

made it to your 05 + line,spec why now as opposed to last several months,same fed scenario, are pullbacks,corrections, seemingly not allowed, worldwide currency devaluations?

 

I can't think of a reason for pullback.. Economic reports are coming in better and seems it's inflecting the economy up. FED has signaled that QE's could bare minimum extend through 2013-2014. Watch European media headlines for any economic speed bumps.

Globally everyone is printing money.. And it will boost all asset classes up since the money printed is being used to create a goldilocks environment. When the printing stops that's when inflation bond yields be around 8%. That's when 87' percentage wise crash is likely. Price action on daily is indicating 1600's in SP this year.

 

thanks spec, dow all time

 

reduced

 

and again, line comes in appx 13965

 

The market lacks a catalyst for such a pullback.

I see a painful grind up (for shorts that is).