5.12.08 4.15 Settlement

Trade Date:
5/12/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
0	9:30
-1	11:54				1396.75	SE1
-1	4:15	close	1404.75				-$400.00
						-2.96%	-$400.00

Today's P/L is -$400.00; for a 2.96% loss.

We entered the day flat.

We sold 1 intra-day.

We conclude the day short (-1).

New Working Orders

Position:	-1		1397.75
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1396.25		1409.75	SE2

SE1 Filled

Filled	1397.75	SE1		June Emini
Position:	-1		1397.75
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1392.25		1406.75	SE2

New Working Orders

Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1384.25		1397.75	SE1

Good Morning

We enter the day flat (0 position). Working Orders will be entered shortly after the opening.

Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type

Posts and Emails

Dear Readers,

Many of you take the time to email me and a few (very few) post to this Blog.

I must have struck a nerve yesterday when I stated the obvious ( the definition of a Bull market and adding and subtracting to see if the market was up or down).

The Bulls are clearly angry, frightened, and on edge. They emailed me in droves yesterday and last night.

Thank you for all the emails. I will address the angry ones this afternoon... it is important to know why traders get emotional and how it effects their trading.

Happy Trading

Barlow

Good Morning

We enter the day flat (0 position). There will be no working orders this morning. I will be away on meetings and will not be able to post. Orders will be posted after Noontime.

Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type

5.08.08 4.15 Settlement

Trade Date:
5/8/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-1	9:30				1395.00	Close
0	10:44	BF1	1391.25				$187.50
-1	1:55				1402.75	SE1
0	2:27	BF1	1396.25				$325.00
						3.80%	$512.50

Summary:

Today's P/L is $512.50; for a 3.80% gain.

We entered the day short (-1).

We bought 2 and sold 1 intra-day.

We conclude the day flat (0 position).

BF1 Filled

Filled	1396.25	BF1		June Emini
Position:
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1389.25		1409.75	SE1

SE1 Filled

Filled	1402.75	SE1		June Emini
Position:	-1		1402.75
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1396.25		1409.75	SE2

BF1 Filled

Filled	1391.25	BF1 Filled		June Emini
Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1382.25		1402.75	SE1

Good Morning

We enter the day short (-1). Working Orders Below:

Position:	-1		1395	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1391.25		1405.75	SE2

We are in a Bull Market?

Two days ago, I was having a conversation with someone. This person said, in a matter-of-fact way, that we are in a Bull Market.

Have we changed the definition of a Bull Market now-a-days?

So, I looked up "Bull Market"... to make sure the definition didn't change.

Definitions:

1. A period of rising market prices.

2. A market in which the primary trend is up.

3. A market distinguished by rising prices.


OK... that is what I thought it meant. So I went and did some math to see if prices were rising.

12/31/07 1468.36
05/07/08 1392.57

It looks like this year prices are lower. So, this year is not a Bull Market by definition. Let's go back further... to the beginning of this century.

12/31/99 1469.25
05/07/08 1392.57

Nope... that doesn't fit the Bull Market definition either.

Conclusion:

We are not in a Bull Market this year... nor have we been in a Bull Market this century.

The Bulls can take their head out the sand. Let's call the Market what it is.

Barlow

5.07.08 4.15 Settlement

Trade Date:
5/7/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-3	9:30				1420.75	Close
-2	11:52	BF1	1410.25				$525.00
-1	2:30	BF2	1400.25				$1,037.50
-1	4:15	Close	1395.00				$1,287.50
						21.11%	$2,850.00

Summary:

Today's P/L is $2850.00: for a 21.11 % gain.

We entered the day short (-3).

Intra-day we bought 2

We conclude the day short (-1).

BF2 Filled

Filled	1400.25	BF1 Filled		June Emini
Position:	-1		1420.75	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1409.75	SE2

New Working Orders

Position:	-2		1420.75	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1400.25	BF1		1420.75	SE3

BF1 Filled

Filled	1410.25	BF1 Filled		June Emini
Position:	-2		1420.75	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1401.25	BF1		1421.75	SE3

Good Morning

We enter the day short (-3). Working Orders are below:

Position:	-3		1420.75	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1410.25	BF1

5.6.08 4.15 Settlement

Trade Date:
5/6/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-2	9:30				1408.25	Close
-3	11:05			1408.08	1407.75
-3	4:15	Close	1420.75				-$1,900.50
						-14.08%	-$1,900.50

Summary:

Today's P/L is -$1900.50; for a 14.08% loss.

We entered the day short (-2).

We sold 1 intra-day.

We conclude the day short (-3).

SE3 Filled

Filled	1407.75	SE3		June Emini
Position:	-3		1408.08	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1395.25	BF1

New Working Orders

Position:	-2		1408.25	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1394.25	BF1		1407.75	SE3

Good Morning

We enter the day short (-2). Working Orders Below:

Position:	-2		1408.25	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1396.25	BF1		1409.75	SE3

5.05.08 4.15 Settlement

Trade Date:
5/5/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-2	9:30				1415.75	Close
-2	4:15	Close					$750.00
						5.56%	$750.00

Summary:

Today's P/L is $750.00; for a 5.56% gain.

We entered the day short (-2).

There were no intra-day trades.

We conclude the day short (-2).


=====

Good Morning

We enter the day short (-2). Working Orders Below:

Position:	-2		1415.75	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1402.25	BF1		1416.75	SE3

5.02.08 4.15 Settlement

Trade Date:
5/2/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-3	9:30				1411.50	Close
-3	12:36	BF1	1411.25				$12.50
-2	4:15	Close	1415.75				-$450.00
						-3.24%	-$437.50

Summary:

Today's P/L is -$437.50; for a 3.24% loss.

We entered the day short (-3).

We bought 1 intra-day.

We conclude the day short (-2).


====

Filled	1411.25	BF1		June Emini
Position:	-2		1411.5	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1403.25	Bf2		1417.75	SE3

Good Morning

We enter the day short (-3). Working Orders Below:

Position:	-3		1411.5	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1411.25	BF1

5.1.08 4.15 Settlement

Trade Date:
5/1/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-1	9:30				1386.00	Close
-2	11:09			1389.87	1393.75	SE2
-3	1:56			1394.42	1403.75	SE3
-3	4:15	Close	1411.50				-$2,562.00
						-18.98%	-$2,562.00

Today's P/L is -2562.00; for a 18.98% loss.

We entered the day short (-1).

Intra-day we sold 2.

We conclude the day short (-3).

========================

Filled	1403.75	SE3		June Emini
Position:	-3		1394.42	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1395.25	BF1

SE2 Filled

Filled	1393.75	SE2		June Emini
Position:	-2		1389.87	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1382.25	BF1		1403.75	SE3

Good Morning

We enter the day short (-1). Working orders are below:

Position:	-1		1386.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
1378.25	BF1		1393.75	SE2