while taking a break for lunch this afternoon, at the local quizno's subs, an interesting sight caught my eye-- a nun drove by in a bentley arnage. i saw this sight once before , it was the day before the market's all time high in 2000. surely this is a sign of a top--consumerism gone haywire--i thought in 2000. is this sighting today a harbinger of things to come ?? who knows --- i would like to think so ! still holding shorts at this time and patently awaiting monday..... thanks for all the data, and particularly to "the student" for the posted study. enjoy the weekend, surfer
I can't account for the sighting in 2000, but what you saw today was me driving home from a very looooong Halloween party. Hope that doesn't spoil your weekend and good luck with your short position.
funny stuff , thanks !! a doji printed last week on the weekly dow chart and the daily is looking bearish. today increased my confidence in my analysis. waiting monday. earlier, i posted that i was testing other future execution platforms--- well, the test is complete and i am sticking with J trader at this time for my intraday work. best, surfer
LOL. I'm going to Barnes and Noble this weekend to see how many magazine covers say, "The Bull is Back" for even more confirmation. Notice that Chamber's sold 2 million shares of CSCO this week. The last time he sold a block that big...uh , yeah spring of 2000 wasn't it? Didn't trade much today, but it was nice to turn on the war machine and see my puts nice and green. Keep on truckin'
way to hang in there with the shorts. looking pretty good now. maybe someday you will tell us what you were seeing so we can benefit from your skill.
and today was a great day for ES intraday trading. I loaded up with ES SHORTS from the open up to 1062.75 and then rode it all down today. I also have a large ES SHORT position that I am holding from the highs yesterday in more of a retracement position play. A close below 1052 for the ES was what I was looking for to stay in that overnight position and this played out today. So I am sitting in ES SHORT's over the weekend and I am looking for continued pullback next week. Monday will be interesting! Chris BTW, good job Surf!
I am looking at about 3 to 5 days minimum for holding my SHORT position. We will call todays trading day #1 and we will see how next week starts off...so far I like what I see, especially the 1064.50/1064.25 double top for the ES over the past days. Chris
Sounds good Chris. btw - I have the greatest respect for your trading skills. FWIW, the 6 peak to troughs I identified are as follows. #1 3/3 to 3/12 7 days 65.75pt #2 3/21 to 3/31 6 days 55.75pt #3 6/17 to 7/1 10 days 55.50pt #4 7/13 to 8/5 4 days 45.75pt #5 9/19 to 9/30 7 days 51.25pt #6 10/15 to 10/24 7 days 39.50pt bear pullbacks in a bull market