I will be watching today as I feel we will make new highs intraday for the S&P, and then I think we are in a ripe area for big profit taking and a pullback to the 1015 to 1017 area over the next week or two. I will be trading the ES today while adding SHORT positions to my existing positions as I see that any sort of a downtrend develops intraday. The remainder of this weeks trading will be very interesting to watch as economic news should bring some volatility to the markets. We shall see! Chris
I shorted the ES out of the open and did very well today. I was in and out of shorts all day and caught the second really nice drop also. Now the market ended up closing higher than I thought it would for the day, so I will be a bit more tentative at the open tomorrow if the overnight session holds its' ground. I think Marketsurfer might have just nailed this one on his call for the 16th to be an interesting day (SHORT biased). We shall see, this is starting to get fun..... I love the drama! Chris
our research NAILED the drop starting yesterday in the DJIA about 8 days prior. i am PSYCHED !! we closed 1/2 of the shorts yesterday capturing a nice profit and are holding 1/2 of the original shorts entered at 3:30 10.15.2003 in the DJIA, SP, and NASDAQ. thanks everyone for the pm's and posts. will provide neo gann channel soon. best, surfer
not day trading today. simply holding shorts here over weekend , expecting additional decline. still short BBI. have a great weekend !!!!!!!!!!!!
Surf, Please, can you tell us what the channel is? I have been on vacation for a few weeks. I was scrolling back and did not see the numbers. Thanks.......