ES Journal - 2019/2020

Discussion in 'Journals' started by Buy1Sell2, Dec 19, 2018.

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  1. schizo

    schizo

    Well, don't expect eye-opener. If it were that good, I wouldn't share with ya. :D

    First consider this chart. #1 was used to come up with the reversal point. #2 is a multi-year trendline that was breached like a hot knife over a butter. Absolutely no resistance by the bulls.

    [​IMG]

    So it makes sense to fall down to the top of the first line (#1 above and below). I would think there would be a bounce at that point. The important thing is by how much. If that fails to hold, then I anticipate #2, which is the 2017 high that preceded the 2008 crash, which is like 53% from the ATH. The previous 2 bear markets also dropped, on average, 50%. Something to keep in mind.

    upload_2020-3-22_16-44-34.png
     
    #16181     Mar 22, 2020
    Builder17 and Laissez Faire like this.
  2. schizo

    schizo

    But Vanz, I thought you were a permabull just a few weeks ago? :D
     
    #16182     Mar 22, 2020
  3. FriskyCat

    FriskyCat

    The entire fallacy with "I'll buy it when it drops 30-40-50%" is that the economy implodes at a similar pace. This forum is filled with bulls who seem to ignore the latter.
     
    #16183     Mar 22, 2020
    Sekiyo likes this.
  4. vanzandt

    vanzandt

    Link?
     
    #16184     Mar 22, 2020
  5. vanzandt

    vanzandt

    Who do you think?
    B1 of course.
     
    #16185     Mar 22, 2020
  6. Sekiyo

    Sekiyo

    There is potential for the gap to be filled overnight.
    Might try to sell around 2260.
     
    Last edited: Mar 22, 2020
    #16186     Mar 22, 2020
  7. vanzandt

    vanzandt

    Its fucking annoying.
    Of course we're gonna get a bounce. And fucking bozo-head will act like he's the greatest trader of all time. But guess what B1... you can make that call and get some respect when we get above 3250... where you were calling things "a massive buy". Did you forget about that already Chuckles?

    Here's the deal however... this shit is about so much more than our markets. Its about our way of life and its about our country. Its about our freedoms as individuals.
    Just watch guys... watch what happens.
     
    #16187     Mar 22, 2020
  8. Sekiyo

    Sekiyo

    I am long at 2184
    LOLOLOL

    TP 2206
    Free trade.
     
    #16188     Mar 22, 2020
  9. Sekiyo

    Sekiyo

    Closed 2194
     
    #16189     Mar 22, 2020
  10. schizo

    schizo

    Short 2191
     
    #16190     Mar 22, 2020
    theapprentice likes this.
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