45+ point pop on YM

I just caught a nice 45 point move on the YM.... I bought the breakout from the straight line this afternoon.

Any news behind this?

 

The rumor is Merryl a big buyer.

nitro

 

I heard that Monkey put a squeeze on the shorts

 

14:34 ET Market bounce attributed to talk of short-covering going into holiday weekend : Worth noting that over the past six years, the week going into Labor Day has been negative for the markets (an avg of 4.3% down for the S&P 500). However, historically, September has typically started very strong (before slumping later in the month). This pattern may be leading some shorts to cover positions going into the Labor Day weekend.

 

They got scared when I got long three contracts.

 

all i'm seeing is the dead-greenspan recirculation.

 

No specific new news, but it seems to me that as INTC came off its lows, it brought everything else with it-------or was it everything else bringing INTC off its lows ? Damn, this trading stuff is hard

Vega

 

o.k. monkey, you can let go now.

I think the shorts have passed out from the pressure.

 

Double Bottom bounce at a major fibo level.

 

Get short right now. Doji at major fibo resistance

Forgot to put the smiley face on this post.