I need to make one correction to my post to you yesterday. I said we would need a close today below 996.30, I was wrong. We need a close today below 1012.00 to confirms a sell signal. Sorry for the error.
I hesitate to tell you your business, but surely using some rudimentary indicator such as MACD would have kept you out of the market as it dropped this morning.
I believe you are quite correct in your overall bullishness, but currently (10:22 am) you are 6 points down in ES.
A simple indicator would provide a bit more entry precision.
In a post marked "Why I got out" you forecasted the high 980's as a low for today. It seemed like a good call. Anything technically significant that changed your mind?
I suspect you're quite right on the upside of todays S&P move, yet he market volume has become 'thinner' due to to book squaring into tomorrows nonfarm #. Would you add to the long if we fail to put in a new low?
7 comments:
Hi Carl,
I need to make one correction to my post to you yesterday. I said we would need a close today below 996.30, I was wrong. We need a close today below 1012.00 to confirms a sell signal. Sorry for the error.
Thanks.
Kindest regards,
PM
There has been a huge short squeeze in financials. If they stay weak, have to sell this market.
Dr Carl
I hesitate to tell you your business, but surely using some rudimentary indicator such as MACD would have kept you out of the market as it dropped this morning.
I believe you are quite correct in your overall bullishness, but currently (10:22 am) you are 6 points down in ES.
A simple indicator would provide a bit more entry precision.
Cheers
Mike
Carl,
In a post marked "Why I got out" you forecasted the high 980's as a low for today. It seemed like a good call. Anything technically significant that changed your mind?
Thank you.
Carl, how did you do playing the short side on the big decline?
I admire your ability on the long side, just curious.
Carl
I suspect you're quite right on the upside of todays S&P move, yet he market volume has become 'thinner' due to to book squaring into tomorrows nonfarm #.
Would you add to the long if we fail to put in a new low?
I think next stop on ES is 987!
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