Confirmed today on the 4:15 CME pit close: sell the long and reverse to short at 1305 SP/ES.
The long was bought one month ago at 1283 basis the March contract and rolled to the June contract (10 point difference), so the effective profit as of 04/10/2006 4:15 PM CME close is 1305-1293 or twelve points. Not a great trade, but still a profit. It's been a tough month for a daily bar trader which is why everyone is scalping these days. But I'm too lazy to scalp as a regular regimen.
Since 12/1/05 there is a cumulative profit of 119.5 SP points with 8 winners and 3 losers. That's about 40 points a month or nearly 11 points per trade.
May 2020
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Recent Posts
Blogs I Like
- Kirk Lindstrom
Many useful and different market info sources. Mostly free. - Bron's Gold Chat
- QuantumOnline Income Securities
- Tom McClellan Charts
- All Allan
Check Allan's method free charts. - Bill Luby's Vix and More
- Richard Lehman
- Christopher Carolan
Long Wave Sources
- Kondratieff at Mid 2011
Current status of the inflationary up wave. - Nikolai Kondratiev and the early consensus and dissensions...
A thorough review of long wave theory in the 19th century and the reception of Kondratieff's work up to the 1950's. - 2008 Gold Update
- Gold & Kondratieff 2003
- Kondratieff's major paper in English translation
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