ES Journal Archive (2011)

Hola Amigos! ES is going to the moon. May short soon

 

Reduced daytrade at 11.75. Stop trailed to 1304.

 

not sure why so many here seem to expect a strong upside move prior to tomorrow's numbers ...

 

Hard close

 

???

 

shorts have to cover eventually. They can do it now or wait til 1380. How many nervous shorts are sitting on profit? If 9 holds we will print 20-25 today

 

Apologies.

Hard close downside this session.

 

ah ... not so sure about that, either ... but we'll see, won't we?

 

we will not see another 2008 in 5-10 yrs from now. We are back in the mid 1990s. Low volatility. Expect the vix to be below 20 for a long time. But, overtime will pop up above 20 and back below 20.

Don't worry about usa economy. Guru Ben Bernanke will implement Qe3 if need to.

In the meantime:

Magnificent opportunity to buy more ES at the dip!

 

yes, that makes sense ...

edit: having said that, this sure doesn't "feel" like it's gonna scream 10 points into close ...