Hello Ira
This shorter time fram trading is what
poisened my mined,
(doing intra day trades on e
mini)
and , yes, you are right about selling tops
and buy bottoms,
as for my reading for monday
a: it is most likely a turn date
b:we most likely make a higher low than
fri
c:Even is ststistics is wrong and we break fri low
it would not be by much
d: nasdaq is going to drag sp500 down as it will
under ferorm on monday
e we most likely close up on sp500 but not on
nasdaq
the high should be 1164-1166
close should be 1158-1160
we should be putting in another top on
5/19
and head under 1140 and bottom
5/25-5/30
Subject: Re: [e-mini_traders_anon]
sp500
Ben:
I am surprised at you. Sell tops and buy
bottoms doesn't sound like you. Guessing at closes and opens.
Guessing shouldn't be part of trading. Utilizing probabilities is
another story. Friday we came off of support, a target area of
1145-1146. I don't have a buy or a sell at this time. The night
session should produce the bars I need to give me an entry point for either an
up move or a down move. I have an entry differential that should
take me into either move. There are always two trades on the board.
Have a good week end and good trading next
week. Ira.
----- Original Message -----
Sent: Sunday, May 15, 2005 3:29 PM
Subject: Re: [RT] sp500
I see the market moving (choppily) higher for the next several days to
week, quite likely led by the techs. The market will continue with an elevated
risk of sharp declines. I will continue to trade lightly long during rallies
while watching for opportunities to establish substantial short position
trades from higher levels.
Earl
----- Original Message -----
Sent: Saturday, May 14, 2005 6:06
PM
Subject: [RT] sp500
A challenge before Sunday night
anyone willing to post their forecast for
Monday?
a will NASDAQ under perform or like Fri.
close up and sp500 down?
b will sp500 close up?
c by how much?
d will the low on sp500 be lower than
Fri.?
is the trade for Monday to short
when its up? or buy bottoms?
nice week end
Ben
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