ES is currently trading below 12/15/2006 highs. Two and a half long calendar months have passed: Christmas, New Years, Groundhog Day, SuperBowl, ProBowl, NBA All-Star game... alot of stuff come & gone. Meanwhile, absolutely zero upside progress in the world's biggest benchmark index. Rally? What rally? The trend has been sideways for a long time now
There is absolutely no risk right austin? The truth is the market has been down everyday since I said it was going to be. Saying that, this 1442-1443 level is a strong technical level. Odds are we get a bounce here... but man this move just seems different doesnt it?
No offence mate but who cares whether your prediction was right or wrong. What matters is whether you made any money out of it?
Well, ES factors in the cost of carry. If you look at the SPX index, it's still up almost 1% from the December highs.
What do you think? I wouldnt call it a prediction... I consider it trading with odds and probabilities.
I'm buying! Or...at least...if my autosystem detects stocks it *thinks* have moved the *correct* way, it sends in a limit under da market. And it does a little more and a little more and...viola - I make enough money to buy new tires for my Kmart bike to get to my job as assistant shift manager at Taco Bell! Or, something like that... Dip on, me Bruthus! Let's ROCK!