Now, if I can just get out of this long that I got in around 1032 yesterday. Damn… I can't even follow my own forecast. I predicted that Thursday and Friday was going to be a down day, and I got scared and got out early.
Then, I went long thinking that they would rally Friday on fake jobs number. Looks like another down day today. Slap some sense into me Douala.
Love the picture and caption “RDL”. Good analysis. I know the feeling of being burned holding over night. Also I know the feeling of NOT holding over night or weekend. I seem to get burned either way. LOL!
Yes, discipline. I must master that! Not getting caught up in the noise and following my own plan. I spelled it out exactly that I believed the market would go down Thursday and Friday.
What did I do today? I bailed at 1043. I left a lot on the table. I did get in yesterday at 1060, so it's still a profit… but go long today at 1036 was foolish.
I'll probably pay for it tomorrow if we continue down to 1020. Just slap me and call me stupid! LOL!
Leo- I'm trying to play the same strategy. Instead of going long, why not keep a small open short position? This way if the market continues down you atleast had something on the table. I plan to add to my index puts next week if do get a bounce. Some of the GANN guys suggested 1100+ but I think 1080 will serve as the top based on current price action and the similiarities between the 1975 index charts.
Hi Red, thanks for your reply Regardless of the SPX level projected for Oct7th- IT should show some obvious technical deficit at that time 1080 to 1108, sure why not, but the actual level matters not. According to natural energy, OCT 12th and or part of 13 has some potential for another type of OVERTHROW such as Spt 23rd before the BIG declines begin. in OCT 2007 it took 4 days at the 14k level to finally give way. WE might get something similar next month also. Yes , I think they are finally set to head to my projection of spx 1000 by Friday at 10am. Light volume yesterday was due to lack of participation from my bretheren who were celebrating Yom Kippur. Jay
he Red I guess we hit the bottom of the channel now rally up the the top of the channel?
Now, if I can just get out of this long that I got in around 1032 yesterday. Damn… I can't even follow my own forecast. I predicted that Thursday and Friday was going to be a down day, and I got scared and got out early.
Then, I went long thinking that they would rally Friday on fake jobs number. Looks like another down day today. Slap some sense into me Douala.
Love the picture and caption “RDL”. Good analysis. I know the feeling of being burned holding over night. Also I know the feeling of NOT holding over night or weekend. I seem to get burned either way. LOL!
Its hard to swing trade this stuff on a day-to-day basis. I've removed a lot of stress by zooming out and simply following a larger scale strategy.
Let's hope for a low volume rally through next week!
Yes, discipline. I must master that! Not getting caught up in the noise and following my own plan. I spelled it out exactly that I believed the market would go down Thursday and Friday.
What did I do today? I bailed at 1043. I left a lot on the table. I did get in yesterday at 1060, so it's still a profit… but go long today at 1036 was foolish.
I'll probably pay for it tomorrow if we continue down to 1020. Just slap me and call me stupid! LOL!
Leo- I'm trying to play the same strategy. Instead of going long, why not keep a small open short position? This way if the market continues down you atleast had something on the table. I plan to add to my index puts next week if do get a bounce. Some of the GANN guys suggested 1100+ but I think 1080 will serve as the top based on current price action and the similiarities between the 1975 index charts.
I got out of my long around 1060 and went short today. Not sure about going long for next week, but I'm out of my short by Friday.
I got out of my long around 1060 and went short today. Not sure about going long for next week, but I'm out of my short by Friday.
2:45
Has your game plan changed any?
Hi Red,
thanks for your reply
Regardless of the SPX level projected for Oct7th-
IT should show some obvious technical deficit at that time
1080 to 1108, sure why not, but the actual level matters not.
According to natural energy, OCT 12th and or part of 13 has some potential for another type of OVERTHROW such as Spt 23rd before the BIG declines begin.
in OCT 2007 it took 4 days at the 14k level to finally give way.
WE might get something similar next month also.
Yes , I think they are finally set to head to my projection of spx 1000 by Friday at 10am. Light volume yesterday was due to lack of participation from my bretheren who were celebrating Yom Kippur.
Jay