its on the breakpointtrades.com site which I subscribe to. it came from Steve Nelson they have a recording everday lasting 20min or so. you have to subscribe. or can get a two week free trial as I did last fall
March S&P E-mini Futures: The ES didn't spend much time yesterday above its last top at 1077 and then broke to 1066 this morning. This kind of action is generally short term bearish. Because I think 1041 will hold I am going to give the market the benefit of the doubt and estimate today's day session range as 1065-1080. Weakness below 1065 will mean a drop to 1045 is likely.
My comment: so the range is really more like 1045-1080.
You have been right so far on this call Sundancer… I'm not sure myself at this time? But, I do know that the trend has changed, and it is possible to break that 4 week series.
The reason I believe this time is different… the monthly and weekly charts. Those other time appear to be during the uptrend… when the monthly charts were pointing up.
We'll see today I guess. Thanks for you analysis, and thanks for posting it. We can all learn better as a team, and I certainly can't catch it all. Too much information out there.
Out of TZA at roughly break even. Need to be away from the keyboard this morning, so going to be cash while away.
Sold 1/2 my TZA calls at .45. +66%
its on the breakpointtrades.com site which I subscribe to. it came from Steve Nelson they have a recording everday lasting 20min or so. you have to subscribe. or can get a two week free trial as I did last fall
Thanks for the update earl…
Daneric wrote about it yesterday in his blog.
Yes, but wasn't it really close, like -1.3 or something?
Carl Futio this morning:
March S&P E-mini Futures: The ES didn't spend much time yesterday above its last top at 1077 and then broke to 1066 this morning. This kind of action is generally short term bearish. Because I think 1041 will hold I am going to give the market the benefit of the doubt and estimate today's day session range as 1065-1080. Weakness below 1065 will mean a drop to 1045 is likely.
My comment: so the range is really more like 1045-1080.
I hope this sell off is real this time, but I'm only seeing a slight pullback so far… We'll see as the day unfolds today.
I didn't know that ben… do you have a link about this?
You have been right so far on this call Sundancer… I'm not sure myself at this time? But, I do know that the trend has changed, and it is possible to break that 4 week series.
The reason I believe this time is different… the monthly and weekly charts. Those other time appear to be during the uptrend… when the monthly charts were pointing up.
We'll see today I guess. Thanks for you analysis, and thanks for posting it. We can all learn better as a team, and I certainly can't catch it all. Too much information out there.
Anyway, thanks again…