Registered: Jul 2008
01-28-12 02:51 AM
Quote from newwurldmn:
That's great Bwol. He's been calling long for like 3 days now. And who cares if people can edit their posts. This isn't some contest. Charlitons are always exposed.
I wasn't too clear on his position until he reversed with the "crazy rally" comment. Seemed he started short, went long on that comment, told people to take profits on half, added to his long, closed entire position, then told people to go long early yesterday so that seemed to have worked out for him.
It doesn't look like anyone's thanking him for the "advice" on the instrument he recommended.
Galvin, nice trade. We all have different time frames, and I'm not saying you were guilty of changing your post, it's just I have that much skepticism of any call I see on elitetrader for that reason, and others should have that bias against live calls they see on here, too.
I guess you're long, and it has taken awhile but my pairs system went to oversold recently so this rally might continue. My signals were a little behind until this time near the end of the month, and I hope they aren't wrong about the reversal, but I don't have a buy signal just yet.
I think we'll go down about 10-15 points on NQ, 5-7 on ES, then resume the rally between now and the end of tuesday. If we don't get a little dip before then I'm probably going to say to wait until there is either a dip or try another short a couple percent higher from here.
My indicator says we're at fair value, and until we're either under or overvalued I can't say what my position would be, but, good job on those ES calls.