ES Journal Archive (2009 - 2010)

At minimum we will touch back to 1200, gee I wonder why?

Careful 932 approaching, ratchet up your stops on longs.

 

one more try on the short side 29-30, stops over 34, target low 20s.

 

Here is details of Standard & Poor’s 500 index 2009 predictions ...

Firm Strategist Target %Change
Barclays Plc Barry Knapp 874 -3.2%
Citigroup Inc. Tobias Levkovich 1,000 11%
Credit Suisse Andrew Garthwaite 1,050 16%
Deutsche Bank Binky Chadha 1,140 26%
Goldman Sachs David Kostin 1,100 22%
HSBC Holdings Kevin Gardiner 1,000 11%
JPMorgan Chase Thomas Lee 1,100 22%
Merrill Lynch Richard Bernstein 975 7.9%
Morgan Stanley Abhijit Chakrabortti 975 7.9%
Strategas Research Jason Trennert 1,100 22%
UBS AG David Bianco 1,300 44%

 

Long volatility is certainly looking good at the moment, but this market has to settle down, maybe in the second half of this year. Be aware of market characteristic change then, if we are back to 2003 type of market, only Buy2Sell1 (sorry B1) people make good money.

 

Notice the what-if pause as we approach 932...

903 is the today's target.

 

Need an event to trigger that.

 

My ES indicator says we are going higher!! Look out!

 

Not necessarily. If price fails right around Friday's high, then Friday's low has a chance, if the daily pivot point does not serve as strong enough support.

 

LOL, these guys couldn't hit water if they fell out of a boat, show last years results please.

 

True.

Test of high failed ... I can see 14 coming with very high probability.

I would like to see continuous buying into each new swing low to confirm (i.e. buying all dips disregard to strong sell off).