Hi folks! I want to wish a Merry Christmas, no matter if Jewish, Muslim, Christian... whatever! to all human beings who follow the great posts that appear here on the ES Journal. Thank you for the time you guys spend posting; guys like: Pekelo, LC, Saliva, Buy1Sell2, Smillingsynic, Startraitor, Kinggyppo, Jahajee and many others who contribute to the best Forum on the net. I wish 2009 will be as good as 2008 for us speculators. ALL THE BEST.
Closed all positions total $84 loss , basically flat. Overnight Asian markets action did not bring any change to ES so I existed in this pre-market.
Staying short here with the 30 contracts. My observation that the high might be in for this move is looking stronger, but is by no means totally confirmed yet, thus my stop remains at 1075. We never did reach 1000 within a week which was predicted by others earlier in the thread. In any event, this demonstration is showing why a wide stop with a small position is needed when shorting an oversold market. Everyone have a great Christmas!
markets will be kept up for the first few months of next year... mandatory fund inflows wont be given discounts.
portfolio theory of equity/credit ratios of pension funds. Since academicians believe markets can't be timed, new fund contributions occur at the beginning of a new year. market makers wont sell the market off if new fund contributions will be upcoming.
I will be in Miami, Jan 10th -16th. Mostly swing trading. looking to acquire a condo down there with short sale parameters at a gross discount.