1093-1110 estimate for today (17 points) 1083.25–1106.75 actual range today (23.50 points ) Market was 4-9 points below Carl’s range. For the past 10 days, average actual range is 26.9 points
Trades: In /ES at 1096.50, out at 1091.75 (loss of 4.75 points) Grade: D (lost some money)
In the past 10 trading days, Carl has taken just two trades, a loss of 12 points total.
yes. of course the difficulty with options is that even if you are right, if there is too much sideways movement or the action takes too long to play out, you lose all your capital. There really is no easy solution.
You and I will be fine Rip. Have a good weekend and don't worry about it. Now, I remember that someone said last time they banned short selling, there was a big plunge in the market (since there was no one to run and cover shorts). Maybe that is there intention as the bottom of the market should be June 25th.
I believe in God, but I also believe there are dirty human hands all over the stock market. It will go up or down, depending on how the house is stacked.
Historical pattern is it will plunge bad. Look at late 2007 for examples.
We could also rally dramatically, won't know until Tuesday. That's why I'm sweating out my position, because I don't want to miss the drop.
Carl at day’s end:
1093-1110 estimate for today (17 points)
1083.25–1106.75 actual range today (23.50 points )
Market was 4-9 points below Carl’s range.
For the past 10 days, average actual range is 26.9 points
Trades: In /ES at 1096.50, out at 1091.75 (loss of 4.75 points)
Grade: D (lost some money)
In the past 10 trading days, Carl has taken just two trades, a loss of 12 points total.
No Post For Friday Gang. I'll have the weekend post up by late Sunday Night, and I'll do a video too. Go Enjoy The Weekend.
yes. of course the difficulty with options is that even if you are right, if there is too much sideways movement or the action takes too long to play out, you lose all your capital. There really is no easy solution.
Weekly bullish engulfing in NETAPP INC
http://niftychartsandpatterns.blogspot.com/2010…
Thank you
Closing price on the russell index… 661.61 LOL
Yes, the short selling ban worked out badly, except for the foxes. 🙂
have a nice weekend!
There may be a rally Tuesday, or it could dump. If we rally Tuesday, we dump Wednesday.
I will have stops set pretty high, so that only a real rally can take them out. The 'teal line' does get violated by 25 points sometimes.
You and I will be fine Rip. Have a good weekend and don't worry about it. Now, I remember that someone said last time they banned short selling, there was a big plunge in the market (since there was no one to run and cover shorts). Maybe that is there intention as the bottom of the market should be June 25th.
LOL.
Got to trade while velocity is terminal. The triggers ought to work pretty well, though if you get a chance, manual is better.
I believe in God, but I also believe there are dirty human hands all over the stock market. It will go up or down, depending on how the house is stacked.
Historical pattern is it will plunge bad. Look at late 2007 for examples.
We could also rally dramatically, won't know until Tuesday. That's why I'm sweating out my position, because I don't want to miss the drop.
If there is one. 😀