I haven't tested these but recently I came across these biases posted (by Art Collins) in another thread you might find interesting (if you haven't already).... http://www.elitetrader.com/vb/showthread.php?s=&threadid=61477&perpage=6&pagenumber=23
Now that I look at the 5 min, it maybe we have some good upside today - possibly towards yesterday's high. Going to wait and see what happens, 77000 seems like a key number to break. Also, the NQ is looking fairly bullish this morning...
Jeeezz what a day so far, Testing 770 right now. Just made back my morning losses and then some... Just goes to show that anything can happen at anytime.... Mike
I am somewhat impressed by this market particularly since the beginning of the year. Seems all intraday selloffs are shrugged off and then the churn begins to raise it to a new level. There were so many days similar to today that I now have come to expect it; however I have a hard time buying into any dip with bearish divergences and signals abound. At the same time, the markets don't seem to go anywhere too fast either, in any direction. I think this is a shorts' nightmare. Only consolation for the bears is that higher the prices go, better levels to get short for the coming selloff. So I wait to sell tops with a pre-defined risk level.
i'm gonna go off subject here for a little bit here...I've been on ET for a while now, and there's a lot of crap here. But honest to God, this has to be one of the best threads on ET. It's informative , and everybody gives their opinions on the market in very respectful way, and most importanly no ASSHOLES (yet) . Let's keep it up
congrats to all who play new lod on index = super duper buy signal$$ amazing price action.. really weird
Well,,,,,that was a nice flurry of activity (ES, NQ especially) between 14:17 and 14:21cst. I have a sell order in at 774. 25mins to go. Today I actually WANT to see a ramp-up into the close