And I just found my perfect entrypoint (I hope) at 1468.25 just before the close. Went long and carrying into AH. Should be interesting. I guess all my earlier agonizing about 2- vs 3-point stops turned out to be pretty moot. Wonder if the talking heads were looking at the charts I posted here Sunday? CNBC's headline story: More Investors Are Betting On Major Selloff in Stocks Not everyone on Wall Street is convinced that the worst is over. In fact, some investors are betting tens of millions of dollars that the market is headed for a selloff--a major selloff. Yup! :eek: Actually, though, given that CNBC is such a reliable contrarian indicator, this makes me happy to be long (at least short-term). Good trading, all!
Flat tonight, although my TA prediction for taking out Thur. low of 1457 stands but, I feel again based on TA that 1478 needs to be revisited before that, so will look for a formation tom. Also looks like Fri.'s high might have been a top for now.
I am a NATURAL bodybuilder, ripped and pushing 40. If I could find a natural contest in my area I would compete in the tall masters class starting next year. In contests that are not drug-tested, I would not stand a chance. Weirder yet, I am a professor; when I work out in the university gym, students (including football players--Division II level) ask me for tips (bodybuilding, not stock). I love it. Bodybuilding does wonders for the stress from trading. I don't think I would be able to trade without it. I trade the ES full time in the summers and during the academic year in between my courses (I teach only during the dead zone--I have mornings and afternoons free). When I am in class I leave limit orders right outside current pivots. I miss some trades, but end up getting about three round trips a day. I never thanked you for your kind remarks from last week. So thanks.
great trading, mbusch, and, although i'm a bit late reading it, thanks for the macro analysis. very interesting and wouldn't surprise me if true.