Thursday, November 01, 2007

E-mini Update

So far today the e-minis have dropped to 1526, about 9 points below my support level at 1535. For what its worth I have been hearing rumors that Citibank has sustained multibillion dollar losses on its mortgage portfolio.

In any case I am guessing that today's low will develop near 1520 and that the market will close in the 1520-1535 range. If this guess is right I would expect a continuation of the reaction down to 1500-1510 over the next few days.


Anonymous said...

Hi Carl:

Why has your strategy changed? You were expecting a drop to 1521 or so, looks like we will have it. I think 1520 is support, and we will rally from there.

Anonymous said...

When i click on the Sept 18 Domed House link i get the Sept 6 link. What happened to the Sept 18 link ?

Anonymous said...

hey carl
it seems your getting into the swings of the market , have you taken a good hard look at the sox index ???? it will beinteresting to see how well this index holds up from present levels based on the weekly and monthly charts .
is it time to be bullish the semi's ???
something to think of is all

Anonymous said...


You have an interest in codes you may find this of interest. Perhaps the greatest code breakers of all time were the Mayans who are predicting a major economic shift to occur precisely on November 19th 2007 (according to the Mayan Calendar) forces will kick in which will cause the economic infrastructure to start unravelling. It is on that day (according to Calleman's interpretation) that the collapse of the financial infrastructure will manifest.

Whole article is here