I've been reading the board the last 4 weeks and all i've seen is 90% of the people trying to top tick shorts getting stopped out like crazy. But of course AFTER THE FACT all will have said they sold the top or knew it was the top.Im usually a longer term trader like buysell and will scale in short from here even though i think there's a possibility of 1000 on the S@P. I admit i have no idea were the top is but i feel that by the end of the summer we will see 800-850 again.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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05-29-09 05:46 PM
05-29-09 07:58 AM
(05-21-09 08:38 AM
Quote from Buy1Sell2:
Long 890.50 with 20. Initial stop 773.00
---Staying long here with the same stop. Currently, the market has experienced no reversal signals and has exhibited only consolidation type action prior to a 3 day weekend. I look for the market to pick up with upside action again soon, perhaps as early as today, but I would not be surprised to see it happen next week. Ishmael)
--Staying long here this Fri 5/29. Same stop. I see no reason to sell just yet.
---Staying long here with the 20. Same stop
---Staying long here with the 20. Same stop
05-29-09 07:58 AM
(05-21-09 08:38 AM
Quote from Buy1Sell2:
Long 890.50 with 20. Initial stop 773.00
---Staying long here with the same stop. Currently, the market has experienced no reversal signals and has exhibited only consolidation type action prior to a 3 day weekend. I look for the market to pick up with upside action again soon, perhaps as early as today, but I would not be surprised to see it happen next week. Ishmael)
--Staying long here this Fri 5/29. Same stop. I see no reason to sell just yet.
---Staying long here with the 20. Same stop
---Staying long here with the 20. Same stop
"While April and May have been two of the strongest months for the markets historically, June has
been one of the worst, especially in recent years. Over the last 100 years, the Dow has averaged a
gain of 0.36% in June. But over the last 50 years, the average June performance has been â0.50%,
and over the last 20 years, it has been â1.07%. June is just one of two months over the last 50
years that has averaged a decline, and one of three over the last 20 years."
Bespoke
been one of the worst, especially in recent years. Over the last 100 years, the Dow has averaged a
gain of 0.36% in June. But over the last 50 years, the average June performance has been â0.50%,
and over the last 20 years, it has been â1.07%. June is just one of two months over the last 50
years that has averaged a decline, and one of three over the last 20 years."
Bespoke
Closing out my final hedge here at 934.5
Current position: Short 814.25 + Zero Hedge.
Effective BE on entire position comes at 1013.33 (including all hedging activity the past 7 weeks)
Market did the same thing on May 1st futures were up big overnight. The cash opened we moved a bit higher then we sold off for a couple of days then punched to new highs.
might get your 1000 ES this week paulalan!
Got 2 't-days' in front of us too!
Got 2 't-days' in front of us too!
short 940, 20 point stop. target 840-
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