Thursday, September 25, 2008

Out

I was expecting a strong close but it's not happening, so I sold my two long units at 1214.25. 

I am still bullish and expect to put this trade back on tomorrow. 

6 comments:

Sqroot said...

Nice trade, never-the-less. Expecting down manana, with a buying opportunity. Bulls can't be happy with the action of RUT today.

Anonymous said...

This downside intraday it's only an abc correction closing a one day cycle. You'de better stay in, long. It's the same here, in Italy ;-) Pier

Win said...

Nice trade, Carl. RIMM's after hours earnings disappointment should affect the open.

Anonymous said...

carl,

any chance market may go down to retest the laws based on RIMM earnings, wamu FDIC takeover and bailout fell apart? thnx

Tony

Anonymous said...

Mr. Carl, I never traded the S&P e mini's, do you need a broker for that?? I have bought an S&P indexed fund thru a retirement account but have never traded them as you are doing. What ticker symbol are they and how would I go about that?? I don't short stocks but would be interested in learning how to trade long on them. TIA and forgive my stupidity on the subject. Kind regards, Janet

Anonymous said...

I would not base all my analysis on a single chart.
Catherine