Friday, May 29, 2009

Sold long position at 906.75

9 comments:

JM said...

I can't see intraday volume, but it feels like we're into the Summer Friday afternoons. Slim pickings.

Jack said...

Carl, U still bullish after 10-11 wk run? We haven't retraced the 38.2 yet but there is so much negative news about the econ. housing, jobs, 5.7% decline today, inflation, etcc you name it doesn't sound positive does it?

You expect a pull back here? before a summer run?

thanks,
Jack

Yobaby said...

One tough day Carl

rest up over the weekend

Brent

mvw said...

Hi Carl,

First time commenting on your blog.

You said: I estimate that today’s day session range will be 905-925. The e-minis are on their way into the 950-80 zone.

Amazing foresight. Thank you for sharing.

Milo Minderbinder said...

Oops, program trader gotcha-time; have a good weekend, Carl. I check your blog daily.

janet said...

Looks like EOM window dressing at work to me, Monday should be bullish.

Paul Boughton said...

Still 2 turn dates for next week,monday and friday,this triangle should have 1 more leg down then break up hard.Paul

Baie-st-Paul said...

Paul, i agree. One more leg to complete the triangle. My estimate 880-890. Do you see a break below 880?

Paul Boughton said...

Kacey,normally that pattern should hold the low in your range,but there are probably a lot of stops under 878 and if there is time they will get hit.lol,Paul