Wednesday, October 28, 2009

Late post

I have decided to put in an overnight limit order to sell my long unit at 1045 or better.

I expect to repurchase this unit Thursday and possibly buy the second one provided the market can hold the 1035 level.


Bill said...

A bounce is long overdue. And there will be a nice bounce. Markets are short term majorly oversold.

The question though is whether it'll be a bounce that will be followed by another sell off to lower lows or will it be a bounce that will lead to new highs (1120 and beyond) in the short term.

dcatlowpj said...

I am sure looking forward to seeing how this one works for you, Carl. Awesome site here. I absolutely love these charts that you post. It offers us perspective. I believe in ranges. I think your range boxes help me visualize these moves in the Emini. Fantastic and thanks for the work on your part.