Friday, September 12, 2008

Long

I just bought 1 unit of the e-minis at 1238.00

3 comments:

Anonymous said...

Comment from the peanut gallery:

I watch the 30 year bond for support/resistance hints since it is sometimes anti-correlated with ES.

thanks for your blog & have a good weekend

Solrac

Anonymous said...

Solrac,
I also watch 30-yr futures. But those have been "corrupted" by huge flight to quality and by mortgage portfolio buyers following freddie/fannie bailout announcement. Hopefully that stuff will subside, and 30-yr will again trade more naturally. Yields are much too low..and if flight-to-quality bid subsides, there's an awful lot of $$ poised to move into stocks (which are very cheap on a forward-yield basis).

TraderTopGun said...

Carl,
They going for the Gap, after wich they will sell it again.
Your entry time, price was 3.5pts agains you. Better Entry would have been after the breakout of First Hour High on a pullback.
But, Good call anyhow.

Long 1239 at 10:03am, if the Financial remain Mega Bearish, this is CAPUT, is not going to keep the uptrend.