do you think market is topped out? and you don't expect market to go any higher from here? thnx. i thought you were looking for higher target than 1060 initially. thnx peter
as usual, I am grateful for your blog. Your analysis today reinforced my own analysis in calling 1060s the top. This gave me "extra" courage to short the e-minis at 1063.00 premarket. I rode most of the down trend for today and had a record trading profit for one day. My sincere thanks to you.
Great call on the 1060.00 resistance level, I dumped my four positions in that rally, one at a time as the market began working lower from that level. I averaged out at 1038.00, but I'm not looking for credit here since I'm posting this message to you nearly a day late. I only wish I had taken a short position, but I'm now flat.
After yesterday's action, I think we could work still lower and possibly break down below the 837.00 low made just last week. If I see an opportunity, I will short the SP's today.
I still have no buy signal, but I'll post it when it appears.
Again, great call on that 1060.00 resistance level, it was brilliant!!!
7 comments:
Great trade, Carl. And thanks for keeping us updated. Watching your real time moves is helping me tremendously.
Jeff
Congrats Carl....nice trade!
carl,
do you think market is topped out? and you don't expect market to go any higher from here? thnx. i thought you were looking for higher target than 1060 initially. thnx
peter
Thank LJW and others for helping me with short vehicles.
Regards
Rob
Hi Carl,
as usual, I am grateful for your blog. Your analysis today reinforced my own analysis in calling 1060s the top. This gave me "extra" courage to short the e-minis at 1063.00 premarket. I rode most of the down trend for today and had a record trading profit for one day. My sincere thanks to you.
Art
Ya whatever keep calling for gold to drop to 600 as it blows past 1000 and upwards.
Hi Carl,
Great call on the 1060.00 resistance level, I dumped my four positions in that rally, one at a time as the market began working lower from that level. I averaged out at 1038.00, but I'm not looking for credit here since I'm posting this message to you nearly a day late. I only wish I had taken a short position, but I'm now flat.
After yesterday's action, I think we could work still lower and possibly break down below the 837.00 low made just last week. If I see an opportunity, I will short the SP's today.
I still have no buy signal, but I'll post it when it appears.
Again, great call on that 1060.00 resistance level, it was brilliant!!!
Thanks.
Kindest regards,
PM
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