disagree, upward sloping bearish channel all around, it will fall out of the channel and in deep doo doo by eod....although I am wrong many times before...
Chiming in, I enjoy both the intraday and longer-term calls. Bonds breaking is way important in my view...along w/ the dollar falling back from resistance near 80 on USD index. Shorts are afraid of a Wamu bailout that could come over the weekend. The tide may begin to turn in the risk-aversion vs. return-maximizing battle.
Carl, Kudos to you. Great trading and great calls. It is interesting to see how you manage your trades. It looks like you are going to make over $2k today just trading singles. I love it and thanks again. Carlos
Carl I disagree entirely with hank I really enjoy both the intraday and longer-term calls. It's your blog you can do whatever you want. Good trading to you!
yes that post on "markets and imagination" was a good one. Too bad carl doesnt do posts like those any more .. all he does now is say "i am long,, i am long more... i am flat.. i am short" etc. I think this blog has really deteriorated and is no longer unique.
Carl started swing trading several weeks back and made some good and bad calls, then he turn into good interpreter of day trading price action and has made several good calls. In my opinion he should continue his day trading, we can all pick up some good techniques.
13 comments:
Got close to the "line in the sand" at 1238.50 but we need to get above 1251 in short order otherwise I think it's all over.
ciao Carl
In Italy the rumours today is : The Fed Cut can the rates in this week. ?!?! to save leh aig & Washington Mutual etc..
VIX coming off high & SP nearing the 1251 hurdle. Coming into the post-lunch period where we could see a quick pop higher.
"This is my financial forecasting blog. I'll explain what I see ahead for the stock, bond and various commodity markets."
Carl, is this a daytrading blog or a financial forcasting blog?
As a long time follower, I'm leaving. Not interested in daytrading from you. You're best over the long term.
Hank
disagree, upward sloping bearish channel all around, it will fall out of the channel and in deep doo doo by eod....although I am wrong many times before...
I love the daytrading format. You are doing both daily and intra-day calls. I like that a great deal.
With all these failed breaks this is shaping up to be a NASTY short-squeeze into the close.
Chiming in, I enjoy both the intraday and longer-term calls. Bonds breaking is way important in my view...along w/ the dollar falling back from resistance near 80 on USD index. Shorts are afraid of a Wamu bailout that could come over the weekend. The tide may begin to turn in the risk-aversion vs. return-maximizing battle.
Carl,
Kudos to you. Great trading and great calls. It is interesting to see how you manage your trades. It looks like you are going to make over $2k today just trading singles. I love it and thanks again.
Carlos
Carl I disagree entirely with hank I really enjoy both the intraday and longer-term calls. It's your blog you can do whatever you want. Good trading to you!
http://carlfutia.blogspot.com/2005/05/markets-and-imagination.html
that link describes carl's views on short term vs. long term trading.
which one do you think he practices?
yes that post on "markets and imagination" was a good one. Too bad carl doesnt do posts like those any more .. all he does now is say "i am long,, i am long more... i am flat.. i am short" etc. I think this blog has really deteriorated and is no longer unique.
Carl started swing trading several weeks back and made some good and bad calls, then he turn into good interpreter of day trading price action and has made several good calls.
In my opinion he should continue his day trading, we can all pick up some good techniques.
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