Wave, jagmot congratulation, it was great call. Like mentioned a bit early but thats traders karma. I am myself nearly always having ejaculatio praecox on my trades but some heat is connected with trading.
I was busy however I did beat my daily record of 42 points..I made 43. Some other things had me distracted to miss this move up. CONGRATS to all those who did well today.
They are harder if one lacks faith in the market principles on which they are established. If one does have this understanding, the best trades will never be as good as they could be.
If you would have asked me at noon if I thought the market would rally back into positive territory I would have said you were crazy.
No new problems with buying and selling ES...just now my software won't exit. Had to force out exit by windows after waiting 5min.
Im going to go out on a limb here Im completely serious now, no joking today marks the beginning of a 6-9 month rally in all 3 major indices., we will be substantially higher 6 months from now
I agree people should look to take longs now. My technicals are pretty sound and I have given some insight. For instance, I was bearish this month. HOWEVER...after today..there are good reasons now we should head higher. I don't think we are out of the woods yet, still need more data for that BUT this could be a bottom for a while. Take it for what its worth. But what do i know.
I dunno. Your track record wasn't exactly eye popping to begin with. Anyway, this "Hedge Fund America" scheme ran by Hank Paulson ain't going to solve anything IMHO. I wouldn't be surprised if we were trading below 1000 in 6 months time.
very good day. never bet against the fed when they are actively releasing policies against long or short. I learned this the hard way a long time ago. hope noone got caught on that last rally, 60pt move in 1 hr just pure insanity.
http://online.wsj.com/article/SB122178234612954617.html didnt I tel you guys about this months ago?I did, and was laughed at.Im going to dig out the post. turns out my 'sources' were correct. here is the first time I mentioned it.http://www.elitetrader.com/vb/showthread.php?s=&postid=1815624#post1815624 then I made several more posts about it in the coming months.http://www.elitetrader.com/vb/showthread.php?s=&postid=1825251#post1825251