My model had a confirmed buy signal yesterday and a beautiful follow through today. We're going much higher and sooner than most people expect. I don't think 1200 is out of the question by late October.
Carl, Guess I am one of those many, many amateurs you mentioned. After following your blog for more than 4 months now, I finally put money in it this week and I am glad I did!!
I wonder if you have any advice for the amateurs in how to remain disciplined given brokers require just ~2-3K margin for eminis. Guess one of the tough aspects of trading this way might be to have absolute control so that one doesn't go overboard to risk it all/loose it all.
9 comments:
Beautiful entry and exit. I too purchased long but exited far sooner than you. I had a measured move up to 1039.00 and shorted 1038.75.
Excellent trade, sir!
Carl
Nice one!!!
Carl, your best entry yet since I have been following.
My trading partner and I are watching daily.
DJ
Very Nice!
Don't bet against Carl
Hi Carl,
My model had a confirmed buy signal yesterday and a beautiful follow through today. We're going much higher and sooner than most people expect. I don't think 1200 is out of the question by late October.
Thanks.
Kindest regards,
PM
Carl,
Guess I am one of those many, many amateurs you mentioned. After following your blog for more than 4 months now, I finally put money in it this week and I am glad I did!!
I wonder if you have any advice for the amateurs in how to remain disciplined given brokers require just ~2-3K margin for eminis. Guess one of the tough aspects of trading this way might be to have absolute control so that one doesn't go overboard to risk it all/loose it all.
Thanks again for sharing your insights!
Cheers,
PA
Carl
You are obviously very good and I like your logic.
I would appreciate any views you have the bond market, especially the yield sell off today and how you see that impacting equities near term.
Keep it up.
Carl - seems Tim Knight has been following your blog as well (or at least has caught up to you in your forecasts):
http://slopeofhope.com/2009/09/heading-to-1080.html
Technical or not this thing is going to 1200 fast and woon't be looking back
1200 was pre-lehman and will confirm that outside the financil panic we are experiencing just another recession..
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