Thursday, August 06, 2009

Long one unit at 1000.00

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7 comments:

  1. PM8/06/2009 10:12:00 AM

    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

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  2. Unknown8/06/2009 10:23:00 AM

    There has been a huge short squeeze in financials. If they stay weak, have to sell this market.

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  3. Unknown8/06/2009 10:24:00 AM

    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

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  4. mvw8/06/2009 10:53:00 AM

    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.

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  5. Dave Narby8/06/2009 11:58:00 AM

    Carl, how did you do playing the short side on the big decline?

    I admire your ability on the long side, just curious.

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  6. Yobaby8/06/2009 12:12:00 PM

    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?

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  7. extrader8/06/2009 12:36:00 PM

    I think next stop on ES is 987!

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