Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Friday, March 14, 2008
E-mini Update
I'm still long from 1284 this morning but I want to see the market close at 1281 or higher. Otherwise I'll get out and try again next week.
4 comments:
Anonymous
said...
Hi Carl,
I suppose we would have seen that follow through rally today if it hadn't been for BSC. But, the basing action is also encouraging, I suspect we'll see that rally begin on Monday.
Unless something funny happens, I think you'll see the close you want. I'm a believer, I add a second position at 1278.50, so now I'm averaged in with two positions at 1298.00.
Lindsay's Theory of the Middle Section might be considered in regards to this bearish market . any new lows as far as im concerned will only bring more selling and imply im wrong on the cycle low i was looking for into march 6th , so far i was 2 trading days off . joe
Not a pretty picture this evening, my model gave me an outright sell signal at 1276.00 on a sell stop; I was stopped out of my longs and went short at 1276.00 in the June contract... a close on Monday below 1276.00 will confirm this sell signal...
4 comments:
Hi Carl,
I suppose we would have seen that follow through rally today if it hadn't been for BSC. But, the basing action is also encouraging, I suspect we'll see that rally begin on Monday.
Unless something funny happens, I think you'll see the close you want. I'm a believer, I add a second position at 1278.50, so now I'm averaged in with two positions at 1298.00.
Have a great weekend.
PM
Lindsay's Theory of the Middle Section
might be considered in regards to this bearish market .
any new lows as far as im concerned will only bring more selling and imply im wrong on the cycle low i was looking for into march 6th , so far i was 2 trading days off .
joe
Long time reader, first time caller.
PM, thanks for all your updates very helpful to have a real time analysis.
Carl, good stuff. i appreciate the time you put into this. your analysis is very helpful. some very good calls on the support levels so far.
my call: up mon, tues; down rest of week after annoucement, you guys are trying to catch a fall knife here. careful.
Good luck to all.
regards, big G
Hi Carl,
Not a pretty picture this evening, my model gave me an outright sell signal at 1276.00 on a sell stop; I was stopped out of my longs and went short at 1276.00 in the June contract... a close on Monday below 1276.00 will confirm this sell signal...
Good evening.
PM
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