Blunder #10.
The long position from 1435 low was closed without good reason.
Our EWMTer should have closed the put option and bought some call at 1435.
Valuable advice and examples from Landis, Mup, Rob, elovemer and Rtstrading would have helped our EWMTer avoid whipsaws, if he just listened. 
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Posted by mu200411 on 12-18-07 11:47 PM:
Long position closed. Short position opened. Set stop at the last high.
Edit.
Set target as scenario 3 = 13100.9492, 1435.0401, 2577.9101.
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Posted by mu200411 on 12-19-07 12:01 AM:
Prepare to close short position and open long position.
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Posted by Mup on 12-19-07 12:06 AM:
Key line in the sand the MM @ 1435-34 area on the SPX
as Mu points out.
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Posted by mu200411 on 12-19-07 12:08 AM:
Short position closed at target. Open long position. Set stop at the last low.
Set target at 200, 25, 40 points rebound. Will accept 1/2 to 2/3 target to reverse position again.________________________________________
Posted by Landis82 on 12-19-07 01:25 AM:
I would not be short this market today even if someone put a gun to my head.
FYI: Goldman closes a big gap at 193.25 and that also happens to be where the .618% retracement comes in.
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Posted by rtstrading on 12-19-07 08:18 AM:
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Quote from rtstrading:
Exactly on track for the "C" Wave of a large ABC 4th wave correction that I spelled out earlier in this thread. Nice to see some here know there ABC's.
Very possible flush of the weak hands here as we take out the August lows. That would setup the 5th wave to new, all-time highs and not what most are now considering possible.
Get your buying powder ready!
________________________________________
My last post above on Nov. 27th, the day of the low, I believe....
At this time, we remain on track for the 5th wave higher with the 1st and 2nd waves in place and now the beginning of the 3rd and most powerful wave that should take us to new all time highs!
Still looking for the top in the Feb timeframe.
Hope you all got in on my last call?
________________________________________
Posted by mu200411 on 12-19-07 02:37 PM:
Santa Claus is comin' to town. 20B from the Fed. 500B from ECB.
Status.
Short "Long position" closed and short position opened at the end of wave five up, i.e., 4)c.3:3ã.v which was at 2/3 of target length. Hold long "Long position" just in case there is wave three up, i.e., 5)1.3.
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Posted by mu200411 on 12-19-07 10:44 PM:
Short position stop out.
Still hold long position.
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Posted by mu200411 on 12-19-07 11:58 PM:
Short position entered at "M" pattern confirmation and long position closed at not so typical head and shoulder pattern confirmation.
Posted by Landis82 on 12-20-07 02:14 AM:
________________________________________
Quote from Landis82:
I would not be short this market today even if someone put a gun to my head.
________________________________________
Still would not be short this market.
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Posted by TraderRob on 12-20-07 03:21 AM:
My trade setup update... from the post on Dec. 11 pg. 209. I have labeled the decline from Dec. 11 as an A-B-C and moved my stop from breakeven(1514) to 1476 just above todays high in the March ES. If we take out todays high I no longer want to be short. The rally from yesterdays low looks like a 1-2, I-II
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Posted by Landis82 on 12-20-07 05:17 AM:
Today's high at 1464.40 will be very KEY for tomorrow's trade . . . Must push above that level in order to get things going on the upside.
________________________________________
Posted by TraderRob on 12-21-07 10:00 PM:
My trade setup final update. Initial short on the March ES mini on Dec. 11 at 1514. Wednesday of this week moved my protective buy stop from breakeven(1514) to 1476. Stop hit overnight, trade exited with a profit of 38 points or $3800.00 dollars... this market looks like it wants to go higher!
The long position from 1435 low was closed without good reason.
Our EWMTer should have closed the put option and bought some call at 1435.
Valuable advice and examples from Landis, Mup, Rob, elovemer and Rtstrading would have helped our EWMTer avoid whipsaws, if he just listened. ________________________________________
Posted by mu200411 on 12-18-07 11:47 PM:
Long position closed. Short position opened. Set stop at the last high.
Edit.
Set target as scenario 3 = 13100.9492, 1435.0401, 2577.9101.
________________________________________
Posted by mu200411 on 12-19-07 12:01 AM:
Prepare to close short position and open long position.
________________________________________
Posted by Mup on 12-19-07 12:06 AM:
Key line in the sand the MM @ 1435-34 area on the SPX
as Mu points out.
________________________________________
Posted by mu200411 on 12-19-07 12:08 AM:
Short position closed at target. Open long position. Set stop at the last low.
Set target at 200, 25, 40 points rebound. Will accept 1/2 to 2/3 target to reverse position again.________________________________________
Posted by Landis82 on 12-19-07 01:25 AM:
I would not be short this market today even if someone put a gun to my head.
FYI: Goldman closes a big gap at 193.25 and that also happens to be where the .618% retracement comes in.
________________________________________
Posted by rtstrading on 12-19-07 08:18 AM:
________________________________________
Quote from rtstrading:
Exactly on track for the "C" Wave of a large ABC 4th wave correction that I spelled out earlier in this thread. Nice to see some here know there ABC's.
Very possible flush of the weak hands here as we take out the August lows. That would setup the 5th wave to new, all-time highs and not what most are now considering possible.
Get your buying powder ready!
________________________________________
My last post above on Nov. 27th, the day of the low, I believe....
At this time, we remain on track for the 5th wave higher with the 1st and 2nd waves in place and now the beginning of the 3rd and most powerful wave that should take us to new all time highs!
Still looking for the top in the Feb timeframe.
Hope you all got in on my last call?
________________________________________
Posted by mu200411 on 12-19-07 02:37 PM:
Santa Claus is comin' to town. 20B from the Fed. 500B from ECB.
Status.
Short "Long position" closed and short position opened at the end of wave five up, i.e., 4)c.3:3ã.v which was at 2/3 of target length. Hold long "Long position" just in case there is wave three up, i.e., 5)1.3.
________________________________________
Posted by mu200411 on 12-19-07 10:44 PM:
Short position stop out.
Still hold long position.
________________________________________
Posted by mu200411 on 12-19-07 11:58 PM:
Short position entered at "M" pattern confirmation and long position closed at not so typical head and shoulder pattern confirmation.
Posted by Landis82 on 12-20-07 02:14 AM:
________________________________________
Quote from Landis82:
I would not be short this market today even if someone put a gun to my head.
________________________________________
Still would not be short this market.
________________________________________
Posted by TraderRob on 12-20-07 03:21 AM:
My trade setup update... from the post on Dec. 11 pg. 209. I have labeled the decline from Dec. 11 as an A-B-C and moved my stop from breakeven(1514) to 1476 just above todays high in the March ES. If we take out todays high I no longer want to be short. The rally from yesterdays low looks like a 1-2, I-II
________________________________________
Posted by Landis82 on 12-20-07 05:17 AM:
Today's high at 1464.40 will be very KEY for tomorrow's trade . . . Must push above that level in order to get things going on the upside.
________________________________________
Posted by TraderRob on 12-21-07 10:00 PM:
My trade setup final update. Initial short on the March ES mini on Dec. 11 at 1514. Wednesday of this week moved my protective buy stop from breakeven(1514) to 1476. Stop hit overnight, trade exited with a profit of 38 points or $3800.00 dollars... this market looks like it wants to go higher!
(Only the Dow)