ES Journal Archive (2006 - 2008)

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a little off topic... you guys should check out some of the homebuilders... they look they are forming a major bottom.

I sold some put spreads in KBH when it was trading about 26 just to keep maximum risk lower.

Its a great example of all bearish news for weeks yet staying strong and moving higher. The patterns on these stocks are beautiful. KBH trading at $28 and I am looking at a move up to $45-50 as first target and second target in the $70 range.

Nothing is guaranteed and picking a bottom like this can destroy your bottomline unless you always keep your risk management in check. 1-2% per trade for me.
 
....goin short dont seem right until we break out of this continuance pattern on the hourly.... nooby here....

Quote from candles:
damn. Closing a short here from earlier for a 6 handles loss. Cant seem to get short trades right. Market always wants up.
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Quote from apex82:

a little off topic... you guys should check out some of the homebuilders... they look they are forming a major bottom.

I sold some put spreads in KBH when it was trading about 26 just to keep maximum risk lower.

Its a great example of all bearish news for weeks yet staying strong and moving higher. The patterns on these stocks are beautiful. KBH trading at $28 and I am looking at a move up to $45-50 as first target and second target in the $70 range.

Nothing is guaranteed and picking a bottom like this can destroy your bottomline unless you always keep your risk management in check. 1-2% per trade for me.
More...

Apex-

I receive a newsletter named Hedge Fund Alert and this month's has some new HF launches with a Long/Short global real estate stocks focus. I would wait for the Pan European securities to lift off first or even focus on those Dow Jones Stoxx 600 Real Estate Index. Europe took a hit but they ain't got the subprime mess US has. Just a thought.

Best-
avarus
 
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