Tuesday, December 16, 2008

Long

I just bought one unit of the e-minis at 877.50. I expect the market to hold above 867 today.

5 comments:

PM said...

Hi Carl,

We'll need to see a close above 914.70 today for a confirmed buy signal. Also, I added to my short Bond position today.

Thanks.

Kindest regards,

PM

Anonymous said...

I hardly ever make trade recommendations here but everybody take a look @ PST which is PROSHARES ULTRASHORT LEHMAN 7 10 YEAR TREASURY
I just bought some @ 54.50 and I agree with Carl on 935 as ST target for the e/minies.

cheers
Susn

Anonymous said...

PM

I think if you wait for a close above 914, it might be to late to go long. There might not be much upward movement left after 914 as its time for market to make some retracement back.

Anon

Anonymous said...

Carl,

I think you should loosen up the comment posting rule. Let people post without waiting for your permission, that way people can discuss the market more freely and quickly. If you afraid of trolls, well you shouldn't be, just delete them afterward or banned them. Many other blogs have done this without a problem.

Anon

PM said...

Anon,

Thanks for your suggestion, I appreciate it, but I'm already long from 858.00 and 870.50 yesterday, as was posted here on this blog. The 914.70 for today's signal would show that the down trend has turned upwards. You can watch and see what happens if/when prices do move through that level. On the contrary, it would not be too late. You will witness an explosion of buying just above that price.

Thanks.

Kindest regards,

PM