Thursday, September 18, 2008

Long

I just bought one unit of the e-minis at 1138 but I will run fast if the market shows a preference for trading below 1135. 

7 comments:

Anonymous said...

Hi Carl,

I'm wondering why you keep trying to catch a falling knife. Are we not in between support levels right now? Looks to me like the market is taking a fast ride down to 1070, plus or minus 10 points. That would be a 61.8 percent retracement of the entire bull run from October 2002 to October 2007.

I realize you're day trading this market, but wonder why you picked 1138 as an entry point and why 1135 would offer support?

Well, as I have been writing this, the market went down to 1135 and is now at 1150, so it seems you have done well. Keep it up!

Greg

Anonymous said...

Dear Carl,

I have been reading your blog for abt 2 months and just want to tell you i really appreciate your blog here. I too went long at 1136.50. I'm wondering what's your target for today?

Sam said...

Yes, I got in at SPY 114. Let's see how it goes. Thanks for your up to the minute posts, Carl.

Regards,

Sam

Anonymous said...

Dear Carl, I have been reading your blog for abt 2 months and want to tell you I really appreciate your work here. Pls do not be discouraged by the negative comments you get now and then. I also want long at 1136.50. AM wondering what is your target for today?

Anonymous said...

Hi Carl Very GOOD entry !! Which time frame your use in S&P for this signals that you insert in your blog ?

best regards to Italy

Paul

rcks said...

Nice work Carl.
We are bouncing pretty well off of that level.
This is still expiration week and bounce tend to be short lived. Take profits accordingly.
The Bottom is close but I would prefer 1120 be tagged given we are this close.

Will Rahal said...

Carl,
As you now, I have been bearsih for a long time.
I just want to let you know that I believe today will mark a ST/IT bottom.