24th November 2011 - Slipstream Trader Market Update

[mazzaman007]

That's a very good point. Wioth markets, there is never a 100% vertainty. But you manage to find ways of increasing certainty and reducing risk through your analysis. You've definitely made an impact on my trading habitys. So I stand by my statement - you are a legend!

[slipstreamtrader]

Cheers @mazzaman007. I guess I'm a legend until I'm not. Market is always waiting to trip you up when you get cocky.

[mazzaman007]

Murray, you are a legend

[slipstreamtrader]

Hi @rocinvest. If you mean what software do I use to chart futures then it is Metastock.

[slipstreamtrader]

Hi @pscooper555. The sell zone in this chart is for the Emini S+P 500 futures whereas the 1230-1260 sell zone was for the actual S+P 500. Also once the high near 1290 had been created I of course had to adjust my trading plan as you always need to do.

I had the 1230-1260 range there for months if you look back at my past updates. This is not an exact science. Having a sell zone is not a concrete thing but just an area where you need to be on high alert while awaiting a sell signal

[rocinvest]

@slipstreamtrader Hi, What software do you use to trade futures? Cheers Joe

[kingjim007]

I would actually actually buy your book Murray as your technical/economic/political analysis is great. As long as you sign it...it could appreciate nicely ;)

[leob231]

For the last two years, international hedge funds has been consistently milking Australia of billions of super money being compulsory pumped into the markets.

Like innocent Lemmings lining up to be fed to sharks.

[leob231]

more worries for buy & hold, long only funds..

especially super funds....

[gottagetatubename]

Nice. well done again Murray. thanks

[plakey2001]

Gold miners didn't eat any of my long stocks!

[plakey2001]

Gold Murray! And I wish the precious metal would find support, Gold miners ate the only stock i'm long.

[pscooper555]

Has the sell zone box been moved higher just to fit the peak of the last move, or have i missed a market update? market updates from last week called the sell zone s&p 1230-1250.

[slipstreamtrader]

A book! hmm. I think you need to sell more than ten copies (including your mum) to publish a book. We'll see.

[kfdgroup]

Very good but is a black swan?

[BellHuey72]

Excellent analysis as always. Great insight!

[bigbillyz]

Hey @Slipstreamtrader is a book on the cards? I think a lot of people would be interested in it . Cheers