Wednesday, September 17, 2008

Long

I just bought one unit of the e-minis at 1188.00, a little ahead of 1186 support.  If this trade is any good we should not see a print below 1176.

9 comments:

Anonymous said...

I'd watch for this market to be hammered in the final hour.

Anonymous said...

nice buy mate.. i think once we see gold retrace lower from 850$ to 880$ resistance (its up 40$ today alone!), your long spu's trade could really gain some traction to the upside. Hopefully Gold reaching 850$ or higher wont result in SP500 reaching 1150 or so.

Anonymous said...

Well, you're living up to your record of being wrong over 60% of the time. I guess if you endlessly call for a rally during a bear market you may eventually get it. Darts or a coin toss are more reliable (literally!) than your prognostications.

Carl Futia said...

It's truly amazing how much money can be made by "being wrong 60% of the time".

Anonymous said...

I enjoy reading your blog a lot. For whatever it is worth, I think your daily market predictions are amazingly correct. Keep up the good work and helping others.

Anonymous said...

I have to agree Carl, being right 40% of the time is pretty good, statistically probably thats the top 10% trader.

Anonymous said...

Hi Carl,
Thank you for your great website !
Do you think the sudden price increase in gold is influenced by financial weakness, or political instability ?

Would you recommend a stop-loss on a short position or wait it out?

Thanks!

Anonymous said...

All I have to say is that with all of the financial failures, the markets have actually held up quite well. Is the the resource /energy stocks doing the heavy lifting?

Anonymous said...

Well, Carl...though i find the previous anonymous post rude and irrelevant, it's hard to deny that no one is buying today... As you are posting you trade, you should post your exit...If you took 12 points this morning, good for you, otherwise you are down big today...Keep in mind that some could just be doing just like you without thinking...you have some kind of responsability. One day, i would appreciate if you could explain the reasons behind your bullish bias...