whom among us would call a bottom on the SP futures? wondering what if any well know guru's are being brave enough to call a bounce? Mark Brown
I wouldn't call in a bottom but I sure would say we have a bounce to the 20 day. My bias is still to the downside but I don't mind going long if it makes sense to me. I wouldn't mind touching 1220 and bouncing back to the 200 day. That is what I would like but I am sure it won't happen.
daily data - guess you were hoping for a 1 tick solution? sorry i save those calls for my private use. http://www.yafeu.com/stan/spband.html also agree this is not a long term bottom but a shorter term call like one poster eluded to. mb
i called the bottom within a day - i have published this formula free on the internet many times and as anyone can see - for option writing of which this was developed - it's as good as it gets. to sell puts would have been a good thing. now i will call the top when i see it and so on as everyone just keeps guessing "crazy huh?" mb
I was very bullish for the month of August. From a monthly view point, we dropped below the 20 and 50ema on a monthly back in June. However July and August failed to break above those levels. I think we are setting up for the next leg down. We could very well test 1310 but I don't see us moving any higher than that. Just my opinion.
it went about 25 points against me if you figure from the close like i did or even if you figure from the low as well it still was only 25 points against me. i would like to see anyone stick their neck out with a real name like me and try and predict with conviction what i do. NO one can do that - i can. i can do it as i always have since 1996 i have posted trades on the internet BEFORE i take them and as i take them in real time. i have seen countless others come and go in this business, they all come and go and myself a few less vocal talk about the history of who has come and gone and laugh about the battles i have fought with those blissfully ignorant random participants. figure that out. mb ps i sell systems i don't need, trade, fore-tell, advise, teach, love, hate and race amongst other things! ALSO I do often have trades that go against me 50 points I have no fear of trades moving against me at all. I never use stops and am always in the market. I'm not like little scared money traders who pass out with a tick against them. I am always correct on big moves like hundreds of points and that's what counts in the long run. I know how long it will go and how far - it's a study of amplitude and magnitude. there now go own the world.
I trade some decent size, probably more size than most on here. If you are letting a trade move 50 points against you, your entry and analysis of the market are very poor.