SPX Has Topped For The Year Or Pabst Will Leave ET

Quote from bjg:

It is?

Bulls
Banjo
NZDSPeCIALISt
local_crusher
drsteph
Buy1Sell2
Mup
polpolik
krazykarl

Bears
Pabst
Pekelo
frank99
romik

Neutral
ozzy

(bias in this thread)
More...

Actually I was not bearish, if I was looking for a reversal, then you would have been correct. You would have to insert Volente_00 in that list, as he has recently called a top.
 
After the 10/05/06 day session close (1360.75 for ES) I called a swing trade reversal, heading down. I use just open and closing prices for the day. So far there hasn't been a daily open or close that was greater than or equal to 1360.75. My system is still looking for a down move thusfar.

-Raystonn
 
I'm still short 5. Looking to add but not compulsive in that desire. 1341 is my "breakeven" on the entire short campaign. IF I add today it'll be 5 NQ rather than 5 more ES. I still believe the break will be hardest in small caps then mid-caps, then tech then SP. I'm so convinced that the Dow will out perform that I may even sell a few Dow puts against other short index fut positions.
 
My only trade thus far today is the short sale of 5NQZ at 1706.75

Open positions: -5 ESZ@ 1362.00
-5 NQZ@ 1706.75

Amazingly I'm only down about 6k the past couple of weeks (all of my trades have been posted on this thread) representing a 9% drawdown from my highest 2006 p/l and a 5% drawdown on my account. I'm not happy but I was fully prepared to risk 20k on this campaign so I'll keep at it for a while.
 
<b>Pabst</b>, with all due respect, what would your recent performance look like had you taken long trade signals instead? Did your method / system generate buy signals any time since you opened the initial shorts?

Just curious, that's all :>)
 
Quote from austinp:

<b>Pabst</b>, with all due respect, what would your recent performance look like had you taken long trade signals instead? Did your method / system generate buy signals any time since you opened the initial shorts?

Just curious, that's all :>)
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The most "important" trade I made Austin was covering 15 ES shorts between 1341-1342 last Tuesday. Saved me some serious money. Yea I should've went long there but didn't. C'est la vie.......
 
<b>Pabst</b>, cutting a potential big loss short is very important... an act every single one of us wishes we had done more than once in our trading past. Congrats on that critical accomplishment!!!

Or maybe I'm the only one here who ever had such regret of letting small losses run :eek:
 
Quote from austinp:

<b>Pabst</b>,cutting a potential big loss short is very important... an act every single one of us wishes we had done more than once in our trading past. Congrats on that critical accomplishment!!!

Or maybe I'm the only one here who ever had such regret of letting small losses run :eek:
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What is a loss ? LOL
 
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