I am watching/listening to this while I'm going through charts this morning. It's long, but it's important.
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I am watching/listening to this while I'm going through charts this morning. It's long, but it's important.
Those of you who listened to my spotlight session on Friday might have heard me mention I bought 10 ES after the close on Friday, since I thought the last spasmodic selling seemed overdone. Errr, I guess not. The ES is down another 8 points as of this writing, and I'm out of the position. Oh, well. (Update: I went ahead afterwards and bought 30 ES at 857, and I've got a stop now at anything below 860).
I appreciate everyone's link suggestions from Friday. I've created a page of my favorite trading blogs here.
I've officially given up on trying to catch up on the comments I've been missing. Even though it's just a few days, there are thousands of comments there, and I just will never find the time. It's hard enough just to try to get ready for the trading day ahead!
Anyway, I have absolutely no opinion about what this week may hold for us (which is rare for me). As you know, I've got a bunch o' longs and a bunch o' shorts, so I'm not expecting to make a lot of money (since I'm hedged) but I'm also not expecting to lose much either. At least I feel I've got plenty of good company in the No Clue What's Next camp.