Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Monday, November 10, 2008
Out
I did not think the market would go below Friday's close, so I just sold my e-mini unit at 935.50. As long as the market doesn't go below 925 I shall remain bullish and will be looking for another chance to buy.
Carl, Double down at 924, on bullish crosses on the 1-minute, 3-minute, and then 5-minute stochs. I am conflicted on the merits doubling down as a strategy. For instance, I could have doubled down at 933 -- I was similarly bullish at that point. I guess I did find a solid technical reason at 924.
Hope you don't mind my using your blog as a training diary. I'm doing it partly because it might help others and partly because I think of you as a teacher. I assume that -- by posting your trades, and reasoning -- that's the role you're trying to fulfill.
Carl, you seem to have neglected your George Lindsay posts. I can understand why, but in fact his chart predicted where we are. Why not revisit and reconsider the pattern not from the 108 or so days, but from a ten year perspective.
Carl, Consider we may be in an ABC correction of the rise from 825 to 1008. We are in the C leg now which should go below 900 to 893 at a minimum (a perfect swing would take things down to 851 potentially). From this area the rally to 1050-1060 will begin? DE
this makes for a great bear case. Everyone is bullish thinking the lowest I have heard is 850. Wow what happens when 850 gets taken out we could see mass panic!Just my 2 cents worth.
Carl,
ReplyDeleteDouble down at 924, on bullish crosses on the 1-minute, 3-minute, and then 5-minute stochs. I am conflicted on the merits doubling down as a strategy. For instance, I could have doubled down at 933 -- I was similarly bullish at that point. I guess I did find a solid technical reason at 924.
Hope you don't mind my using your blog as a training diary. I'm doing it partly because it might help others and partly because I think of you as a teacher. I assume that -- by posting your trades, and reasoning -- that's the role you're trying to fulfill.
Hi Carl,
ReplyDeleteI was stopped out of my 926.00 long at 928.00 and went short.
Thanks.
Kindest regards,
PM
Carl, you seem to have neglected your George Lindsay posts. I can understand why, but in fact his chart predicted where we are. Why not revisit and reconsider the pattern not from the 108 or so days, but from a ten year perspective.
ReplyDeleteRegards,
Huw
Carl,
ReplyDeleteConsider we may be in an ABC correction of the rise from 825 to 1008. We are in the C leg now which should go below 900 to 893 at a minimum (a perfect swing would take things down to 851 potentially). From this area the rally to 1050-1060 will begin?
DE
Hi Carl,
ReplyDeleteI covered my 928.00 short and went long again at 920.00.
Thanks.
Kindest rgards,
PM
Under 925 - what now then? 850?
ReplyDeleteHi Carl,
ReplyDeleteNow flat at 920.00, no signals.
Thanks.
Kindest regards,
PM
Out both units for a loss at or around 911.
ReplyDeleteCarl,
ReplyDeleteMarket closed below 925 but i warn you not to short it tomorrow, it's a fake.
this makes for a great bear case. Everyone is bullish thinking the lowest I have heard is 850. Wow what happens when 850 gets taken out we could see mass panic!Just my 2 cents worth.
ReplyDelete