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marketsurfer
 

Registered: Apr 2002
Posts: 5784

 

09-09-09 04:43 PM

3rd and final entry @ 9570.

3 contracts short YM.

surf

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smilingsynic
 

Registered: Jun 2005
Posts: 3079

 

09-09-09 04:47 PM


Quote from marketsurfer:

The YM is looking toppy right here, going in with exploratory entry 1 contract at 9525 SHORT.

best wishes,

surf



Thought you were ALREADY short, with a stop at 9563.

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stevesbg
 

Registered: Feb 2009
Posts: 300

 

09-09-09 04:47 PM

SpoozTop

Noted your post up above

I have been bitch slapping this poor JimmyJam all morning long and for the last several days for the same reasons.

Interesting that he gets the same response everywhere he goes on this site....

I feel the same way....the guy should just put and end to it and help us all out.....

-------------------

and to get back on subject

Surfer, you need to upgrade your tech skills

This is a bull market move

institutions have been long and are staying there for swing move up. At the top of this move PruBache will be a net seller as they have all through the cycle....

Supposedly you're in a fund office. Interesting that you can't pick up on any of this where you work...unless they won't let you in those offices....

and for those interested in learning SOMETHING to offset the wasted time here. I suggest you view these moves in the correct context...and that is as follows (love to hear some intelligent comment on it)

On an intraday basis, professionals know that these markets are not investment vehicles.....they are Marketing vehicles....therefore what you want to do is to look for institutions to mark it up (the widgets they are selling)....pull the public in....and then take it down so they can unload....rinse and repeat...and of course it works AC/DC...once you get this (its step 1) you have a chance of making some real money....

Its an up day man, but with your "stops" in place you should be just fine......lol

Good luck everyone

Stevesbg

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wee man
 

Registered: Aug 2005
Posts: 1310

 

09-09-09 04:50 PM

Great post, Steve. How about some calls?

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stevesbg
 

Registered: Feb 2009
Posts: 300

 

09-09-09 04:56 PM

Wee Man

Here let me show you "how to catch your own fish" in this market

Take a chart using 30 minute bars or candles and put a horizontal line through the 1023.25 price point.....

Now scan left and see where price came down and tested prior support.

That move happens all the time, and it signals the start of an intraday move up that lasted until now.


Edit

There you go bud, my apologies for the brusque reply initially. I have been in combat mode recently and its hard to scale down from it....best of luck to you in the markets.

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wee man
 

Registered: Aug 2005
Posts: 1310

 

09-09-09 05:01 PM

What makes you think I haven't done that already?

Besides, I like the smell of angry napalm in the morning...

Tally ho.

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