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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