Monday, August 18, 2008

E-Mini Update

I just got out of the 1293 long position I bot this morning. Sale was at 1282.75.  It looks like the market is headed for 1260 or so. 

2 comments:

Anonymous said...

Hi Carl,

A close below 1276.10 today in the September contract will give me a confirmed sell signal.

Thanks.

Kindest regards,

PM

Anonymous said...

Carl,

We have gone down to the 1275ish level that represents the rising trendline from the July 15 low. The formation is an Ascending triangle from that date. I agree with PM that we must hold that level, otherwise, here we go again...fingers crossed.