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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
There has been a huge short squeeze in financials. If they stay weak, have to sell this market.
Dr CarlI 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. CheersMike
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.
Carl, how did you do playing the short side on the big decline?I admire your ability on the long side, just curious.
CarlI 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?
I think next stop on ES is 987!
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