10/28/2008 8:30 PM
Below is an excerpt from my last trading blog to buy SP at 850 and 825, if you follow and placed the orders you are much wealthier today. If you follow my trading blog you are up hugh.
My 950 target is close, we hit 942.75 already. In well over 100 points on this trade.
One of my activerain friends Christopher is probably beside himself if he didn't trade it.:)
Over the past few months this has been wild. However, if you know wave principle and are a savvy trader it all works. Some of my friends have called me and said this market is what you live for. I understand that they know my style and I profit from volatility but I hate what it has done to the real estate business and our economy.
Look, I can' t get better than this, I have been so tight to a crazy market without holding its tail. Normally, trading like this you need to sit on all day, but my perspective covers the volatility equation.
We own 2 units of Dec Crude now, put sell at $71.00
Excerpt from
10/22/08 10 PM
The stock indexes have headed down again as we have figured they would. We are flat Stocks indexes. Today's 875 range again on the SP futures SPZ08 again bounced. I don't think that is the end of the decline. Another low should come to finish the 5 wave decline. The market my still need another small up "e" wave in a 4th wave triangle. That probably will stay with in 950 range. So we will try again to buy a decline. Break the buy into 3 parts again. The first 1/3 to buy at 850 and the second at 825 and the third at 785. I believe the Dow 30 should go down to about 8000 area. If I am wrong and 875 range ends up to be a secondary low and we go a lot higher from here I will be surprised. It would have been too easy.
Happy Trading!
Richard
view my new homes for sale and other real estate
Do you own research, this is what I am seeing.
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