This is what could happen today ( Real time ES chart) 图

waveplayer

I shorted ES this morning when my system indicators turn to bearish.
Add some short position and don't wait until end of session. It could be too late.
SKF, SRS, BGZ, FAZ  also buy QQQQ puts. QID, TZA  etc.
For 3X bear fund,  you can need to watch out and don't hold too long.
Take care.

- WavePlayer

（ I posted this chart 40 minutes ago in my blog)

globe

so you think  the pull back ends at 901? thanks a lot

oldfox

go2you6

haha .Add short now? Too late. For DT, should be out everything now. Wait for tomorrow.

snowwolf229

lightened up long postions, bought sds, qid, faz, shorted iyf - for hedging

waveplayer

2# globe

No this is just for today.  It will at least test 880 again and this time it may not hold.

Then SPX could drop as low as 830.

If you have short then hold it and enjoy the ride.  If not, then buy some  in AH.

waveplayer

1# waveplayer

Follow up.   ES closed right on target 901.   This is just the beginning of down wave.  We got confirmation from the market today.
The next target will be 880 and this time SPX  may not hold it. Then SPX could drop as low as 830.

waveplayer

5# hfdcai2000

Yes, that's a good Job！  To profit from the idea,  you need to put into a trade when you got clear market signal and then manage the risks.

Take care,

- WavePlayer

wiggler

3x

waveplayer

1# waveplayer

Follow up.   ES closed right on target 901.   This is just the beginning of down wave.  We got confirmation from the market today.
The next target will be 880 and this time SPX  ma ...
waveplayer 发表于 2009-5-20 16:21

Those “S"  marks are real trade did today.

- Waveplayer

xiaoxiaozhang

顶!不顶不行！

dashxia

Hi, Wave Laoda:

Did  you notice that weekly wave is still in up trend since March 12, 2009?  That might be the reason it is really hard to see the big drop right now.

zhyuan04

Hi, thanks for your info, waveplayer. Since your 901 target was hit, should we take profit here or you expect more down and should sit tight with short position?

1# waveplayer

Follow up.   ES closed right on target 901.   This is just the beginning of down wave.  We got confirmation from the market today.
The next target will be 880 and this time SPX  ma ...
waveplayer 发表于 2009-5-20 16:21

zhyuan04

I have my own judgement, but I still want to hear about others' opinion. period.

haha ...  why don't do your own homework at first  ??    Your money, your risk ???       I know... I know...  this question was not for me, but I would like to challenge it.    And, I would chal ...
hfdcai2000 发表于 2009-5-20 16:35

waveplayer

14# dashxia

But primary trend is down trend.  See XLF chart here.  40 weeks moving average pointed to downside. Any bear rally will fail. And today we got confirmation from the market already.  This is the 4th time that the XLF attempts to break through 200 DMV ( Currently at 13.06)  It failed again.  It even can not break above $12.5 today with such "good news" from BAC.  It is typical sell on news.  ( Chart choose from Today's MVU.)

waveplayer

19# hfdcai2000

You should hold short position and enjoy the ride on the way down.

See above XLF  Weekly chart, you will get idea.