well we shall see im in for a small position in ES at 1150 holding for at least a few months targets 1400 and all time highs stop 1080 nice trading pabst
Yesterday at really crappy levels. I bought 10 futures as a hedge and pitched them for a 13pt gain but then covered the puts when ESU was trading 85-86. To say I was bummed on the close is an undersatement. My biggest concern though was unwinding those bonds at the same time. I was friggin' TERRIFIED being short Treasuries.
Juat the absolute craziest day in the ES EVER. If Britain didn't come out with that socialist news that they where banning short selling, then no recovery. Thank you DOM and Charts! Will be interesting how the world takes this move. Unprecedented ploy and could be the end of the idea of "free markets" in the veiw of the public. Absolutely disgusting, however you have got tolove the swings! VIX going back up and Gopld and Silver holding very well. We shall see where we go from here. Dollar is facing a potential total collaspe. FIAT currency is being seen for what it is, worthless paper. I said 9,750 6 months ago. once again, we shall see!
Without the UK announcement ES was heading down to 1130. This is absolute BS... Government mid day interference and manipulation of the free markets. If the US follows suit they in effect have frozen the market so creditors have time to liquidate upside down parties for a premium. Total BS... We're watching basketball referees calling Jordan Rules.. No he didn't exactly double dribble, travel or walk... he was hacked... Foul... Foul... Foul... and Jordan's off to the free throw line....
In this business happiness is always devestated by the bitter knowledge of the greater gains one could have made.