Long one unit at 1100.25
posted by Carl Futia at 9:36 AM
permalink
Monday, November 16, 2009
About Me
- Name: Carl Futia
I write two financial blogs. The first can be found at CarlFutia.Blogspot.com. On this blog I do a lot of short term trading and forecasting of the e-mini S&P futures. My second blog is called The Art of Contrarian Trading. It is named after my book with the same title. You can find it at www.TheArtOfContrarianTrading. blogspot.com. My book was published by John Wiley and Sons in June of 2009. Read THE ART OF CONTRARIAN TRADING and then watch me apply its methods to the stock market, the bond market, gold, crude oil, and to any other market that seems ripe for a contrarian approach. I will keep you updated on the market positions of the conservative and the aggressive contrarian trader as described in my book. And I will comment on the latest entries I am making to my media diary, the most valuable tool of every contrarian trader.
Previous Posts
- Guesstimates on November 16, 2009
- Screw up! - sale at 1090.25 of long unit reported ...
- Update
- A review of my book
- Long one unit at 1092.25
- Guesstimates on November 13, 2009
- Update
- sold one unit at 1092.50
- Long one unit at 1095.50
- Guesstimates on November 12, 2009
Archives
- 04/01/2005 - 05/01/2005
- 05/01/2005 - 06/01/2005
- 06/01/2005 - 07/01/2005
- 07/01/2005 - 08/01/2005
- 08/01/2005 - 09/01/2005
- 09/01/2005 - 10/01/2005
- 10/01/2005 - 11/01/2005
- 11/01/2005 - 12/01/2005
- 12/01/2005 - 01/01/2006
- 01/01/2006 - 02/01/2006
- 02/01/2006 - 03/01/2006
- 03/01/2006 - 04/01/2006
- 04/01/2006 - 05/01/2006
- 05/01/2006 - 06/01/2006
- 06/01/2006 - 07/01/2006
- 07/01/2006 - 08/01/2006
- 08/01/2006 - 09/01/2006
- 09/01/2006 - 10/01/2006
- 10/01/2006 - 11/01/2006
- 11/01/2006 - 12/01/2006
- 12/01/2006 - 01/01/2007
- 01/01/2007 - 02/01/2007
- 02/01/2007 - 03/01/2007
- 03/01/2007 - 04/01/2007
- 04/01/2007 - 05/01/2007
- 05/01/2007 - 06/01/2007
- 06/01/2007 - 07/01/2007
- 07/01/2007 - 08/01/2007
- 08/01/2007 - 09/01/2007
- 09/01/2007 - 10/01/2007
- 10/01/2007 - 11/01/2007
- 11/01/2007 - 12/01/2007
- 12/01/2007 - 01/01/2008
- 01/01/2008 - 02/01/2008
- 02/01/2008 - 03/01/2008
- 03/01/2008 - 04/01/2008
- 04/01/2008 - 05/01/2008
- 05/01/2008 - 06/01/2008
- 06/01/2008 - 07/01/2008
- 07/01/2008 - 08/01/2008
- 08/01/2008 - 09/01/2008
- 09/01/2008 - 10/01/2008
- 10/01/2008 - 11/01/2008
- 11/01/2008 - 12/01/2008
- 12/01/2008 - 01/01/2009
- 01/01/2009 - 02/01/2009
- 02/01/2009 - 03/01/2009
- 03/01/2009 - 04/01/2009
- 04/01/2009 - 05/01/2009
- 05/01/2009 - 06/01/2009
- 06/01/2009 - 07/01/2009
- 07/01/2009 - 08/01/2009
- 08/01/2009 - 09/01/2009
- 09/01/2009 - 10/01/2009
- 10/01/2009 - 11/01/2009
- 11/01/2009 - 12/01/2009
4 Comments:
Carl,
If you're so confident the ES is going to 1121, why don't you hold your trades from weeks ago? When the ES hits your target will you turn bearish? BTW, were you ever a bear?
Looks like Carl really nailed this last little pullback down to 1086 with a run to new highs!
:)
Wags,
The 1086 was simply a Wave IV pullback.
Carl, within this last Wave V up, we will have five subwaves. We completed I up and II down on Friday and are in the midst of Wave III up(started from cash S&P of 1088. Like you, I expect a little pullback around these levels to again a 38.2% retracement of Wave III. If we top at 1110.73(cash s&p), Wave III will have had ~23 points. Taking a 38.2% retracement is ~8 points to 1102. As such, I'm not expecting we go below 1100 today. I will look for the final Wave V to start up sometime tomorrow to 1120 or so.
Jeff,
I am well aware that the pullback to 1086 was simply a Wave IV according to Elliott Wave. I was giving Carl kudos for yet another excellent call! Lots of people were still looking DOWN, but Carl continued to observe the fact that the trend was still intact to the upside.
Post a Comment
<< Home