Luna $ Ticks

November 13, 2008

Who Makes More Money Here?

Filed under: Trading SPX SPY — moontrader @ 8:30 pm

I’m pretty sure that my readers are making more money than me. It’s not that I don’t act on my edges, but it’s just that I’m more conservative and I grab just part of a movement, while – I’ve been noticing – some readers are able to grab a huge slice of a swing. But believe, it’s so rewarding to see people around thanking me for my thoughts and charts, that sometimes I feel more pleasure reading those comments than making the real dough. I don’t know, maybe because it makes me feel altruistic – which is such a noble sentiment – or maybe because my wife-soon-to-be – who also reads the posts and comments – feels so proud that I get an extra dose of hugs and kisses. I’m pretty happy that my charts – along with Tim Knight‘s, Mole and Berk‘s and 2Sweets crazy statistical stuff – can be of help some of you. And I apologize for not being able to properly follow the market – and the blogs – these days, but I’ve been overwhelmed with wedding stuff.

Today I have a pretty simple chart:

spy-111308

There might be a little bit of profit taking ahead, but nothing to scare. Next week is option exercise, so it’s pretty much in sync with the short term uptrend forecast that – I guess – everybody thinks is going to happen.

I’m preparing an interesting new chart which projects a date towards the end of the month, around the 24th, probably a bottom. I’ll post it this weekend. Good trading to all!

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13 Comments »

  1. If getting thanks makes you happy you have my supreme gratitude! Your date projection matched perfectly with some work I had done separately that matched your date and some other indicators I had which said to go long and since you have such a great track record that gave me the fortitude to hold on to my longs through that drop (I actually stopped out of a large chunk near the bottom but got right back in as soon as we started to rise). Best trading day of my life! Hope you got some too!

    Comment by tradingaces — November 13, 2008 @ 8:52 pm | Reply

  2. And congrats on the wedding and best wishes!

    Comment by tradingaces — November 13, 2008 @ 9:00 pm | Reply

  3. Congrats on the wedding as well. There is no better satisfaction than being married to the right person (well, except for making babies with that person, but you get my dirft.) With respect to the markets, I have noticed that the market turns are coming earlier and with more force intra-day than ever before. It means you have to time your entries with a bit of foresight and anticipation instead of reaction – there is hardly time to get repositioned. Moon, you had called the Oct 27th low with such accuracy – noting the exhaustion – and I am confident you will identify more powerful trades in the future. Enjoy your now.

    Comment by Donna — November 13, 2008 @ 9:43 pm | Reply

  4. Hey,

    You’re getting married!
    There are worser distractions from the marketplace, don’t you think?

    Again, you did a great job.
    Aren’t you afraid monday will turn into something ugly?

    Peter.

    Comment by peter — November 13, 2008 @ 9:48 pm | Reply

  5. Moon, I love how simple and straightforward your posts are. I’m learning a lot and I don’t even want to disclose how much I made today because you wouldn’t believe it… LOL

    Hopefully after your marriage you can get back to trading.

    I noticed that after all three high volume reversal days we’ve had this month there is a day of profit taking followed by more buying. I sold alot of my Nov HK calls today for great profits but held on to a formidable amount which I don’t plan on selling until wednesday or thursday next week.

    Comment by tradertom — November 13, 2008 @ 9:57 pm | Reply

  6. Congrats on the wedding. I will miss your posts on your honeymoon week.

    Comment by experx — November 13, 2008 @ 11:13 pm | Reply

  7. Moon,
    Congradulations on your wedding. I come here daily to read your blog. I think your system is spot on. It’s nice to use it to confirm TA and 2sweets RL. Thanks for all you do.

    Comment by juliec — November 13, 2008 @ 11:32 pm | Reply

  8. moon;
    Congratulations and best wishes on your wedding!!!

    Comment by DalalStreetKing — November 14, 2008 @ 12:35 am | Reply

  9. Congratulations on your wedding! I wish you the same blessing I enjoyed after I merried my wife. Now we are together for 20 years a still happy, loving each other. I wish you the same to you and your wife, and much more! Good luck!

    Comment by Ivan Capek — November 14, 2008 @ 7:29 am | Reply

  10. Best wishes for your wedding!
    When are you actually getting married?

    Comment by T.B.A. — November 14, 2008 @ 7:30 am | Reply

  11. Great work MoonT.

    Your forecast for a bottom, around the 24th ties in nicely with Terry Laundry’s 23 week cycle low time of late Nov.

    I wish you very well for the future with Mrs Moon.

    Comment by Darren — November 14, 2008 @ 7:43 am | Reply

  12. Congratulations and thanks!

    Comment by Paleface — November 14, 2008 @ 9:13 am | Reply

  13. You are doing a great job.

    Congratulations on your wedding.

    I appreciate your hard work on the blog and your insightful commentary.

    Comment by Christian — November 14, 2008 @ 11:06 am | Reply


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