20070518 Big time wrong in calling the short. Howevre, in trading it is not about right or wrong, but money management to cut the position early when things don't go right.

E-mini S&P 500 chart

20070515 With ES closing below the trendline, might consider short on a swing basis, with relevant stops.

E-mini S&P 500 chart

20070511 ES pulls back to the trendline. Lower high and lower low. Would be looking for trigger to get short. If ES does go up maybe the bigger trend resumes, so the jury is still out.

E-mini S&P 500 chart

20070511 ES pulls back to the trendline. Lower high and lower low. Would be looking for trigger to get short. If ES does go up maybe the bigger trend resumes, so the jury is still out.

E-mini S&P 500 chart

20070510 ES breaks through support of ema and trendline. Look for pullback to short. In Feb 2007, markets worldwide sneezed when China stock market plunged. In recent weeks, signs of overheating and possible correction in the Chinese stock markets might be the trigger that trigger the global equities market correction.

E-mini S&P 500 chart

20070501 Since the buy signal in early April, we have had a nice move up to new highs on the ES.

E-mini S&P 500 chart