You see how little it cost to lift the futures on that kind of volume, huge percentage moves with so little effort. Stocks gap open or rise in pre market on thin air, its like all the bad new from Friday has been forgotten by everyone. I doubt it though. It goes to show you that their is a concerted effort behind the scenes pulling the strings. We here on ET dont really stand a chance, unless you TURN OFF THE NEWS!!!!! That is the secret, to this game dont listen to the news, just trade what you see in front of you right now, thats all that matters. When you listen to the news you are planting seed in your sub conscious mind and when it comes time to pull the trigger you will hesitate, because you will be thinking about all the negative or positive spin planted in your brain.
You see how little it cost to lift the futures on that kind of volume, huge percentage moves with so little effort. Stocks gap open or rise in pre market on thin air, its like all the bad new from Friday has been forgotten by everyone. I doubt it though. It goes to show you that their is a concerted effort behind the scenes pulling the strings. We here on ET dont really stand a chance, unless you TURN OFF THE NEWS!!!!! That is the secret, to this game dont listen to the news, just trade what you see in front of you right now, thats all that matters. When you listen to the news you are planting seed in your sub conscious mind and when it comes time to pull the trigger you will hesitate, because you will be thinking about all the negative or positive spin planted in your brain. ------------------------------------------------------ This is a learning post kids, so pertinent..... DONT listen to news, the market has it factored in way before you do, think 2 steps ahead or you are doomed for failure. Dont listen to anybody. Trading is Price- Support, Resistance, period!!!
The Blind shall lead the Blind, and they will both fall into the ditch... ps. Market update 11:30 am dow +149,, the "chrystal ball I use forecasted this at 9:40 am. pps. sorry Pabst and rubberbird, i didn't really want to point out the bad call, but you guys were asking for it with those two "macho"posts
thanks again ET for the Best Contrarian indicator , short-term, out there, Love all the Bear Posts on Friday. When you peons, wussies get bullish let me know....post away.
I don't know why you feel so cocky, you came here and posted after it was up 1%. Its not like you came on Friday evening and said I am going long because all you ET folks are bearish. You have proved nothing. The dang indexes are in the same place they were before the fed announcement. They are in the same place they were in March 2005. And just a whisker away from were they were in Feb 2004. Nasdaq 100 is now in a bear market and 9% below its 200 day moving average.
I wasn't loaded up short by any means....... And as any one of you who knows me, I use these types of threads as a sentiment gauge. I was out of half my shit as Europe opened.......
-------------------------------------------------------------------------------- Quote from Pabst: I'm cognizant that sentiment is very bearish and that should give bulls some hope. My work shows shows importance in last weeks NDX low of 1446. I need to see those lows penetrated before I'm going to get out of my mind negative. -------------------------------------------------------------------------------- I wasn't loaded up short by any means....... And as any one of you who knows me, I use these types of threads as a sentiment gauge. I was out of half my shit as Europe opened....... ---------------------------------------------------------------- another good post..Europe and FUTURES overnight played its hand , up ...trading is a lot of hours and work.... Europe trading is one indicator for PRICE......
Quote from roctrend: thanks again ET for the Best Contrarian indicator , short-term, out there, Love all the Bear Posts on Friday. When you peons, wussies get bullish let me know....post away. -------------------------------------------------------------------------------- I don't know why you feel so cocky, you came here and posted after it was up 1%. Its not like you came on Friday evening and said I am going long because all you ET folks are bearish. You have proved nothing. The dang indexes are in the same place they were before the fed announcement. They are in the same place they were in March 2005. And just a whisker away from were they were in Feb 2004. Nasdaq 100 is now in a bear market and 9% below its 200 day moving average. ------------------------------------------------------------ This is school, a lesson pal, sit down .... ET is a great s-t indicator as it gets for daytrader not always swing trader....learn...its okay.... I dont predict , but quick question for you, why with so much bear news the S&P made a lower low in cash not futures last week, and close above last week close? And how many stops do you think sit above 1269 Futures? any guess? I just play what I see, Predictions are for losers, those that cant trade....predict for what? Ego? trade price and volume. I lurk and wait for sentiment like AAII and ET Posts, etc. you trade with the Crowd? ha.Resistance 1269 look out if above, will go to 1285 if breaks by few points. 50-200 day shorts. But let's see if 1269 holds first.