Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Friday, October 17, 2008
Out
The market took a dive below 956 and I just sold my longs at 959 on the subsequent rally.
5 comments:
Anonymous
said...
If we drop below 949 then things could get ugly into the close especially as the pros fade the prevailing wisdom of "who wants to be short over the weekend?".
Carl, Good trading this week. I am going to miss these 40 points in 10 minute swings when the prices finally reverts to normal. A couple of years ago if you could capture 10 handles in a day you were pretty good.
We're getting close to a buy signal, finally. Close, but no cigar. But still, I took a single light long just now at 960.00 in anticipation of a buy signal this week. If the signal appears, I will add significantly to my position and post it here with your permission.
5 comments:
If we drop below 949 then things could get ugly into the close especially as the pros fade the prevailing wisdom of "who wants to be short over the weekend?".
EDS
Would not be surprised to see a test of 920 and then a bounce before the close
EDS
Carl,
Good trading this week. I am going to miss these 40 points in 10 minute swings when the prices finally reverts to normal. A couple of years ago if you could capture 10 handles in a day you were pretty good.
Have a great weekend!
Carlos
Grove, OK
Hi Carl,
We're getting close to a buy signal, finally. Close, but no cigar. But still, I took a single light long just now at 960.00 in anticipation of a buy signal this week. If the signal appears, I will add significantly to my position and post it here with your permission.
Thanks.
Kindest regards,
PM
well is this the bottom?
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