400

 

 

by Larry Levin

Russell Napier is an author, teaches a course for finance professionals at the Edinburgh Business School titled “A Practical History of Financial Markets,” and is a long-term market historian.  Mr. Napier believes that the true low in the S&P has not been made yet and says it will be 400.
 
I don’t know if he’ll be right, I will follow the trend, but it is an interesting video nevertheless.
 
http://video.ft.com/v/946244201001/Long-View-Historian-sees-S-P-fall-to-400

 

 

 

Trade Date: 5/18/11

E-Mini S&P Trades*

(before fees and commissions):

1. FT buy @ 1:05pm at 1337.25 = +2.25 & +1.25 (2 lots)
2.  Algorithm positions (2)
3.  "Reading the Tape" positions (11) ...combined Secret’s, Algo, & "Reading the Tape" total... +7.25

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